An organization's goals and objectives are determined by its competitive strategy.

Question

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An organization's competitive strategy guides its decision-making process and shapes its goals and objectives. The competitive strategy defines how the organization will compete in the market, what products or services it will offer, its target customers, and how it will differentiate itself from competitors. The goals and objectives are aligned with the competitive strategy to achieve success in the market. Therefore, the statement "An organization's goals and objectives are determined by its competitive strategy" is true.

An Organization's Goals and Objectives Are Determined by Its Competitive