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Asked by Richy Amato on Jun 24, 2024

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Because of the need for corrective action, the strategic management process is a dynamic cycle.

Strategic Management Process

A continuous practice that involves planning, monitoring, analyzing, and assessment of all that is necessary for an organization to meet its goals and objectives.

Corrective Action

Measures taken to rectify a fault or reduce the likelihood of its recurrence in the future. Often used in the context of quality management and compliance.

  • Understand the mechanisms of strategic management and the paramount importance of being versatile and engaging in effective communication when implementing strategies.
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AB
abdul basitJul 01, 2024
Final Answer :
True
Explanation :
The strategic management process involves constant monitoring, evaluation, and adjustment, which makes it a dynamic cycle. Corrective actions may be necessary at various stages of the process to ensure that the organization moves towards its goals and objectives. Therefore, the statement is true.

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