A strategy (comprehensive plan) includes which of the following dimensions?

(A) Determining long term objectives

(B) Determining short term objectives

(C) Adopting a particular course of action

(D) Allocating resources necessary to achieve the objective

Choose the correct answer from the options given below:

(A), (C) and (D) only

The correct answer is option 4- (A), (C) and (D) only.

Except Determining short term objective, all others are included in the dimension of strategy.

Strategy provides the broad contours of an organisation’s business. It will also refer to future decisions defining the organisations direction and scope in the long run. Thus, we can say a strategy is a comprehensive plan for accomplishing an organisation objectives. This comprehensive plan will include three dimensions,
(i) determining long-term objectives,
(ii) adopting a particular course of action, and
(iii) allocating resources necessary to achieve the objective.

Whenever a strategy is formulated, the business environment needs to be taken into consideration. The changes in the economic, political, social, legal and technological environment will affect an organisation’s strategy.