To address the challenges and opportunities they face organisations engage in a process of strategic management. Strategic management is: Options: A . &nbspshort-term focused and composed of organisational strategy, including strategy formulation and implementation B . &nbspshort-term focused and composed of the organisation's mission, vision and value statements C . &nbsplong-term focused and composed of organisational strategy, including strategy formulation and implementation D . &nbsplong-term focused and composed of the organisation's mission, vision and value statements

To address the challenges and opportunities they face organisations engage in a

Question

To address the challenges and opportunities they face organisations engage in a process of strategic management. Strategic management is:

Options:

A . short-term focused and composed of organisational strategy, including strategy formulation and implementation

B . short-term focused and composed of the organisation's mission, vision and value statements

C . long-term focused and composed of organisational strategy, including strategy formulation and implementation

D . long-term focused and composed of the organisation's mission, vision and value statements

Answer: Option C
To address the challenges and opportunities they face organisations engage in a process of strategic management. Strategic management is long-term focused and composed of organisational strategy, including strategy formulation and implementation. Strategic human resource management is the practice of attracting, developing, rewarding, and retaining employees for the benefit of both the employees as individuals and the organization as a whole.

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