Question

In a survey of 50 corporations, which of the following was rated as a benefit of strategic management?

A) clearer sense of vision for the firm
B) higher levels of employee motivation
C) higher levels of job satisfaction
D) improved productivity
E) lower employee turnover

Answer 1

A benefit of strategic management in a survey of 50 corporations was a clearer sense of vision for the firm, which can lead to improved productivity and performance.

Step-by-step explanation:

In a survey of 50 corporations, a benefit of strategic management that was rated highly was a clearer sense of vision for the firm. Strategic management involves setting goals and objectives for the organization, as well as determining the best strategies to achieve those goals.

By having a clearer sense of vision, corporations are able to align their actions and decisions towards a common purpose. This helps to guide employees and provide a sense of direction, which can ultimately improve overall productivity and performance.

While other options such as higher levels of employee motivation, higher levels of job satisfaction, lower employee turnover, and improved productivity can also be benefits of strategic management, it is important to note that the specific rating from the survey was not provided for these options.