(A) short-term focused and composed of organisational strategy, including strategy formulation and implementation (X)
(B) short-term focused and composed of the organisation’s mission, vision and value statements (X)
(C) long-term focused and composed of organisational strategy, including strategy formulation and implementation (
)
(D) long-term focused and composed of the organisation’s mission, vision and value statements (X)
Answers: To address the challenges and opportunities they face organisations engage in a process of strategic management. Strategic management is long-term focused and composed of organisational strategy, including strategy formulation and implementation.
