A firm's strategic intent helps in the development of new businesses and markets.

Question

Quizplus · Accepted Answer

A firm's strategic intent is a long-term direction that leads to the achievement of its objectives. This direction can guide the development of new businesses and markets. By clearly defining its strategic intent, a firm can identify new opportunities and align its resources to pursue them. This can result in the development of new businesses and markets that support the firm's overall strategy. Therefore, the statement is true.

A Firm's Strategic Intent Helps in the Development of New