O Strategic management takes into account factors such as social responsibility, ethics, and the impact of political legislation.

O Strategic management may be considered a continuous process that aligns the organization with its environment.

ODuring the financial planning phase of strategic planning, the primary concern is meeting budget constraints.

O Organization commitment can be increased by inviting various members to participate in the goal-setting process.

O The strategic management process in an organization is only as good as the information on which it is based.

O The well-articulated strategy will result from a rational, clear-headed view of an organization's mission.

O The strategic management process begins with environmental analysis.

O Strategic management is defined as an iterative process because the process is cyclical in nature.

O The purpose of strategic management is to keep an organization appropriately matched to its environment because environments are changing constantly and environments affect organizational goals.

O A successful strategic management process involves participation from most levels of the organiztion.

O Allowing lower-level managers to participate in the strategic management process leads to higher involvement and organizational commitment

O Strategy formulation is the process of designing and selecting strategies that lead to the attainment of organizational objectives

O Use of an effective strategic management system could result in the ability to react quickly to market changes

O Establishing organizational direction consists of defining the organization's mission and objectives.

O Effectively implementing an organization's strategy requires designing a compatible organizational structure.

O The technique of SWOT analysis should aid managers in formulating the organizational strategy.

O In order to perform the strategic control task successfully, the manager must understand the role of strategic audits.

O The implementation of strategies within the organization is more detailed because of generally expected breakdowns

O CEO dominance of the strategic management process is especially apparent when the organization is small and entrepreneurial.

O A more realistic strategic plan results when lower-line managers are involved in setting the plan.