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Which of the following denotes the characteristics of Strategic Management?a.Decentralisationb.Wide-span of managementc.Searching for new sources of advantaged.Multi operational

Question

Which of the following denotes the characteristics of Strategic Management?a.Decentralisationb.Wide-span of managementc.Searching for new sources of advantaged.Multi operational

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Solution

The characteristics of Strategic Management are typically associated with the process of identifying and describing the strategies that managers can carry to achieve better performance and a competitive advantage for their organization. Here's a breakdown of the options you provided:

a. Decentralisation: This is more of a management style than a characteristic of strategic management. It refers to the distribution of decision-making governance closer to the people and includes delegation as a type of decentralization.

b. Wide-span of management: This refers to the number of subordinates that a manager can efficiently and effectively direct. While it's a concept in management, it's not a characteristic of strategic management.

c. Searching for new sources of advantage: This is a key characteristic of strategic management. Strategic management often involves exploring new opportunities and implementing strategies for growth and advantage.

d. Multi operational: This term is a bit vague, but if it refers to the ability to operate in multiple areas or fields, it could be related to strategic management in terms of diversification strategies.

So, the most accurate answer would be c. Searching for new sources of advantage.

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