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11. This statement presents the firm’s strategic intent that focuses the energies and
resources of the company on achieving a desirable future.
12. The strategic decision makers in the firm are responsible for
13. The idea that businesses have a duty to serve society as well as the financial
interest of stockholders is called
14. Which of the following strategic decision makers implement the overall strategy?
15. Which level of strategy uses a portfolio approach?
16. Of the three levels of strategy that are part of an organizations decision-making
hierarchy, which level develops annual objectives and short-term strategies in such
areas as production, operations, and research and development, finance and
accounting, marketing, and human relations?
17. The behavioral consequences of strategic management are similar to those of
18. What do strategic managers call a flow of information through interrelated stages
of analysis toward the achievement of an aim?
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