Final answer:
The benefits of strategic management include a clearer sense of strategic vision for the firm.This statement is True.
Step-by-step explanation:
One of the benefits of strategic management is a clearer sense of strategic vision for the firm. This statement is True.
Strategic management involves setting long-term goals and formulating the strategies to achieve those goals. It helps the firm align its resources and capabilities with its external environment, creating a clear direction for the organization.
With a clear strategic vision, the firm can communicate its goals effectively to all stakeholders, including employees, customers, and investors. This can lead to greater support from outside investors, as they can see the firm's potential for success and are more willing to provide financial capital.