Strategic management process is the coordinated means by which an organization chooses its mission and vision.Question 4Select one:TrueFalse

The statement "Strategic management process is the coordinated means by which an organization chooses its mission and vision" is indeed true.

Explanation:

1. Strategic Management Process: It involves a systematic approach to formulating and implementing strategy. This includes defining an organization's mission and vision, which serve as the guiding principles for decision-making.

2. Mission and Vision: The mission outlines what the organization does, its purpose, and its core values. The vision reflects where the organization wants to be in the future. Both are crucial elements that guide the strategic direction of an organization.

3. Coordinated Means: The process ensures that all parts of the organization are aligned and working towards achieving its mission and vision through planning, execution, and continuous evaluation.

In summary, the strategic management process encompasses choosing an organization's mission and vision, making the statement true.