What do we call action plans that help the organization achieve its goals by forging the best fit between the firm and the environment?

Question

Quizplus · Accepted Answer

Strategies are long-term action plans that are designed to achieve the organization's goals by aligning its strengths and weaknesses with opportunities and threats in the external environment. Effective strategies are critical for a firm's success because they help it to establish a sustainable competitive advantage that can withstand environmental changes and challenges.

What Do We Call Action Plans That Help the Organization