Strategy can be summarized as:
A)The means by which entities or individuals achieve their own objectives
B)The means by which individuals achieve their own objectives
C)The formal detailed plans used by organizations to guide their actions
D)The commitment of top managers to improve their organization

Question

Quizplus · Accepted Answer

Strategy is the means by which entities (organizations or individuals) achieve their objectives. It involves making choices and taking actions that will lead to the desired outcomes. While formal detailed plans are often a part of strategy, they are not the same thing as strategy itself. Strategy is a broader concept that encompasses both planning and execution. Option B is too narrow as it only refers to individuals, while option D is too specific to refer to top managers only.

Strategy Can Be Summarized As