Determining the strategic direction for the firm refers to:

Question

Quizplus · Accepted Answer

Determining the strategic direction for the firm involves developing a long-term vision of the firm's strategic intent that guides the actions and decisions of the organization. A short-term vision (A) may not provide a clear direction for the future, and a tactical strategic response (B) may not address the organization's long-term goals. The top management team's heterogeneous status (D) may have an impact on decision-making but is not directly related to determining the strategic direction for the firm.

Determining the Strategic Direction for the Firm Refers To