Which of the following is true about strategy?
A) Strategy is a general plan developed to reach short-term goals.
B) Organizational strategy focuses on the marketing and financial aspects of a business.
C) Smaller organizations are more precise than large organizations in developing organizational strategy in order to meet their goals sooner.
D) Strategy is actually the end result of strategic planning.
E) Research and development are not a part of an organization's strategy.

Question

Quizplus · Accepted Answer

Strategy is not a plan itself but rather it is the final outcome of strategic planning. It is the long-term plan or the roadmap that an organization develops to achieve its goals and objectives over a period of time.

Note: The other options are incorrect. A is incorrect because strategy is not just about short-term goals but also includes long-term objectives. B is incorrect because organizational strategy is not just limited to marketing and financial aspects, but it also covers other areas like operations, HR, etc. C is incorrect because smaller organizations may not necessarily have a more precise strategy than large organizations. E is also incorrect because research and development are an essential part of an organization's strategy, especially if the organization wants to stay ahead of its competitors through innovation.

Which of the Following Is True About Strategy