Question
In: Operations Management
Which of the following best describes a strategy? It is a comprehensive plan guiding resource allocation...
Which of the following best describes a strategy?
| It is a comprehensive plan guiding resource allocation to achieve long-term organization goals. |
| It is the same as the mission of the organization. |
| It is the document expressing the organization's reason for existence in society. |
| It is the predominant value system of the organization as a whole. |
| It is a special strength that gives an organization a competitive advantage. |
Solutions
Expert Solution
It is a comprehensive plan guiding resource allocation to achieve long-term organizational goals.
Strategy leads to the achievement of the vision to the organization which is a long-term objective. It helps in proper resource allocation through which the long-term objectives could be achieved.
keosha answered 2 years agoRelated Solutions
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