What is strategic management and what role do projects play in it?
What will be an ideal response?
Strategic management is the science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives. Projects have been called "stepping stones" of corporate strategy because an organization's overall strategic vision is the driving force behind its project development. Many firms apply their vision statement or mission to evaluating new project opportunities as a first screening device.
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Which process is used to plan and execute large projects such as the construction of a new factory or the production of complex products such as airplanes?
a. Human Capital Management (HCM) b. Project Management c. Financial Accounting d. Management Accounting or Controlling (CO) e. None of the above
A license holder who allows a license to expire has how long to reinstate the license without monetary penalty?
A) No time B) Up to 30 days C) No more than 325 days D) One year from the last June 23