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Chapter 8 Strategic Management
TRUE/FALSE QUESTIONS
THE IMPORTANCE OF STRATEGIC MANAGEMENT
1. Strategic management is the set of managerial decisions and actions that determines the short-term
performance of an organization.
(False)
THE STRATEGIC MANAGEMENT PROCESS
2. The first step in the strategic management process is analyzing the external environment.
(False)
3. Within an industry, an environment can present opportunities to one organization and pose threats to
another.
(True)
4. Evaluating an organization s intangible’ assets
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