The company matches its capabilities with environmental demands is?
Correct answer: A. Strategic planning
- A. Strategic planning
- B. Corporate plan
- C. Strategy
- D. all of above
Explanation
Strategic planning involves matching an organization’s internal capabilities with demands and opportunities in its environment. A corporate plan or strategy may result from this process, but the matching process itself is strategic planning.
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About Principles of Management
Management principles explain how organisations set objectives and coordinate people and resources to achieve them. Coverage includes planning, organising, staffing, directing, coordinating and controlling, along with authority, responsibility, delegation, span of control and the levels of management. These functions are related but not interchangeable, especially planning and controlling.
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