201 Chapter 8 Strategic Management TRUE/FALSE QUESTIONS THE IMPORTANCE OF STRATEGIC MANAGEMENT 1. Strategic management is the set of managerial decisions and actions that determines the short-term performance of an organization. (False) THE STRATEGIC MANAGEMENT PROCESS 2. The first step in the strategic management process is analyzing the external environment. (False) 3. Within an industry, an environment can present opportunities to one organization and pose threats to another. (True) 4. Evalua
