Which of the following is NOT a major element of the (2024)

FAQs

Which of the following is not a major element of the strategic? ›

Assigning administrative tasks is NOT a major element of the strategic management process.

Final answer: Networking is not traditionally considered an element of the promotional mix, which mostly includes advertising, sales promotions, personal selling, direct marketing, and public relations.

A strategy consists of an integrated set of choices. These choices relate to five elements managers must consider when making decisions: (1) arenas, (2) differentiators, (3) vehicles, (4) staging and pacing, and (5) economic logic.

The four most widely accepted key components of corporate strategy are visioning, objective setting, resource allocation, and prioritization.

The correct answer is option c) Profit The elements of marketing mix(4Ps) are product,price,place and promotion. Thus profit is not an element of marketing mix.

There are four elements that make up the promotional mix. They are sales promotion, public relations, personal selling, and advertising.

Public relations are a part of a promotional mix as they help to spread the information about products indirectly. However, retailing is not a part of a promotional mix as it just includes selling goods directly to customers.

Solution(By Examveda Team)

Outlining of competencies is not one of the elements of strategic thinking described by Campbell and Alexander (1997). A competency framework defines the knowledge, skills, and attributes needed for people within an organization.

The four elements of strategic management process are scanning the business environment, strategy formulation, strategy implementation, and evaluation and control.

What is a strategic element? ›

The five elements of the Strategy Diamond Model include Arenas, Differentiators, Vehicles, Staging, and Economic Logic. These five aspects are related to choices that companies, businesses, and teams must make when defining and refining strategies.