Final answer:
Strategic management requires information to assess the environment and to project future events and conditions. Option a is correct.
Step-by-step explanation:
Strategic management involves the formulation and implementation of the major goals and initiatives taken by a company's top management on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization competes.
This process is crucial for an organization as it is geared towards achieving long-term objectives and sustaining competitive advantage. It incorporates both environmental scanning and projecting future trends, which may involve political events, economic conditions, social changes, and technological advancements.
Given these factors, strategic managers must be adept at making educated guesses about the future, creating guidelines, and identifying the plethora of choices available to ensure the company adapts and thrives in its ever-changing environment.
Option a is correct.