Asked by Tyree McDonald on Jul 04, 2024
Verified
Which of the following best describes a strategy?
A) It is a comprehensive plan guiding resource allocation to achieve long-term organization goals.
B) It is the same as the mission of the organization.
C) It is the document expressing the organization's reason for existence in society.
D) It is the predominant value system of the organization as a whole.
E) It is a special strength that gives an organization a competitive advantage.
Resource Allocation
The distribution of resources among competing groups or projects to maximize the effectiveness of their use.
Long-term Organization Goals
Strategic objectives an organization aims to achieve over an extended period, which guide its direction, operations, and efforts for future development and success.
- Distinguish between the various levels and types of strategy within an organization (e.g., corporate, business, and functional).
- Explain the process of strategic analysis, strategy formulation, and the implementation of strategic initiatives.
Verified Answer
ZK
Zybrea KnightJul 10, 2024
Final Answer :
A
Explanation :
A strategy is a comprehensive plan that outlines the allocation of resources to achieve long-term organization goals. It includes the objectives, tactics, and actions required to achieve success.
Learning Objectives
- Distinguish between the various levels and types of strategy within an organization (e.g., corporate, business, and functional).
- Explain the process of strategic analysis, strategy formulation, and the implementation of strategic initiatives.
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