Question

A sequential set of analyses and choices that can increase the likelihood that a firm will choose a strategy that generates competitive advantages is the?

1) Organizational change process
2) Strategic management process
3) Mission statement process
4) Goal setting process

Answer 1

The Strategic management process is a sequence of analyses and choices aimed at generating a competitive advantage for a firm.

Step-by-step explanation:

The sequential set of analyses and choices that can increase the likelihood that a firm will choose a strategy that generates competitive advantages is known as the Strategic management process. This process typically involves several steps such as defining the mission, setting objectives, crafting a strategy, implementing and executing the strategy, and monitoring and evaluating performance. Each step of the strategic management process must be carefully considered to ensure the chosen strategy aligns with the company’s goals and maximizes its competitive edge.