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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 ago
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