Which of the following is a comprehensive plan for accomplishing organizational objectives?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Strategy
"A 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."