Practicing Success
A strategy is a comprehensive plan for accomplishing an organisation objectives. What is included in the comprehensive plan? |
Determining long term objectives Adopting a particular course of action Allocating resources necessary to achieve the objective All of the above |
All of the above |
The correct answer is option 4- all of the above. 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. |