The primary purpose of strategy is:
A)To maximize shareholder value
B)To achieve success
C)To ensure that all stakeholders benefit from the value created by the firm
D)To be a responsible corporate citizen

Question

Quizplus · Accepted Answer

While maximizing shareholder value and ensuring responsible corporate citizenship are important considerations, the primary purpose of strategy is to achieve success. Success can be defined in different ways for different organizations, such as increasing market share, improving profitability, or expanding into new markets. However, the ultimate goal of any strategy is to achieve some form of success or competitive advantage. Ensuring that all stakeholders benefit from the value created by the firm is also an important consideration, but it is not the primary purpose of strategy.

The Primary Purpose of Strategy Is