Final answer:
False. Strategic management focuses on positioning an organization for long-term sustainability and success, not only meeting short-term customer needs.
Step-by-step explanation:
False. While strategic management does consider the short-term needs and requirements of its customers, its primary focus is on positioning the organization for long-term sustainability and competitive advantage. It involves the formulation and implementation of the major goals and initiatives taken by the company's top management based on consideration of resources and an assessment of the internal and external environments in which the organization competes. Strategic management provides overall direction to the enterprise and is more than just winning in the short term; it's about ensuring long-term success.
In contrast to military bodies, which might have a more immediate focus on “winning the day,” businesses apply strategic management to balance both immediate and future needs, seeking to end up in control of their markets not just through competition, but by understanding and adapting to the changing environment and leveraging their strategic superiority.