Strategy is ________.

Question

Quizplus · Accepted Answer

Strategy is a planned set of actions that managers use to leverage a firm's assets and competencies for competitive advantage. It involves making decisions about which markets to enter, which products or services to offer, which resources to acquire, and how to allocate resources effectively to achieve the desired outcomes. While A and B are important aspects of effective leadership and organizational culture, they do not encapsulate the concept of strategy as fully or accurately as C. D describes outsourcing, which is a specific operational decision, rather than an overarching strategic approach.

Strategy Is ________