Asked by Jacob Andersen on Jun 10, 2024
Verified
A strategy is a planned process whereby organizations can map out a set of objectives and methods of meeting those objectives.
Strategy
The formulation of organizational objectives, scopes, and action plans for gaining advantage.
Objectives
Goals or outcomes that an organization or individual aims to achieve within a specified timeframe.
- Explain the steps involved in strategic planning, from the beginning phases to its implementation.
Verified Answer
XH
xianggang huangJun 11, 2024
Final Answer :
True
Explanation :
This is a true statement. A strategy is a deliberate and systematic way of achieving specific goals or objectives. It involves identifying goals, analyzing the current situation, formulating plans, and implementing actions to achieve the desired outcomes.
Learning Objectives
- Explain the steps involved in strategic planning, from the beginning phases to its implementation.
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