Final answer:
The correct option is E). The strategic-management process is widely adopted by small firms, nonprofit institutions, governmental organizations, and multinational conglomerates to effectively set goals, analyze environments, and implement strategies for improved performance and achieving objectives.
Step-by-step explanation:
The strategic-management process is becoming more widely used by E) all of the above, which includes small firms, nonprofit institutions, governmental organizations, and multinational conglomerates. This approach is being adopted across various sectors and organization sizes due to its effectiveness in setting goals, analyzing competitive environments, and implementing strategies for performance improvement and achieving objectives.
The adoption of strategic management practices allows organizations to address the challenges and opportunities presented by rapidly changing market conditions, technological advancements, and globalization. It enables entities to be more proactive and adaptive, ensuring sustainability and competitive advantage in their operations.