Final answer:
False The most effective strategic management is not ritualistic, predictable, and formal; rather, it thrives on flexibility and adaptability to meet the dynamic needs of the business environment.
Step-by-step explanation:
The statement that the most effective strategic management is ritualistic, predictable, and formal is false. Effective strategic management often requires flexibility, adaptability, and sometimes informality to respond to an ever-changing business environment. Strategic management involves setting goals, analyzing the competitive environment, analyzing the internal organization, evaluating strategies, and ensuring that management rolls out the strategies across the organization. In practice, while certain aspects of strategy may benefit from a structured approach, such as data analysis and formal evaluations, the overall approach must also be dynamic to adapt to new challenges and opportunities that cannot always be predicted.