Strategic objectives
A) are more essential in achieving a company's strategic vision than are financial objectives.
B) relate to strengthening a company's overall business and competitive position.
C) are more difficult to achieve and harder to measure than financial objectives.
D) are generally less important than financial objectives.
E) help managers track an organization's true progress better than financial objectives.

Question

Quizplus · Accepted Answer

Strategic objectives relate to strengthening a company's overall business and competitive position, and are thus essential in achieving a company's strategic vision. While financial objectives are important, they are often a means to achieving strategic objectives rather than the end goal themselves. While strategic objectives may be more difficult to achieve and measure, they are still critical to the long-term success of an organization. Additionally, while financial objectives can be easily quantified and tracked, they may not accurately reflect the overall progress or success of an organization in achieving its strategic objectives.

Strategic Objectives