A(n)_____ provides a framework for managerial decisions.

Question

Quizplus · Accepted Answer

A strategy provides a framework of choices that a company makes to achieve its long-term objectives. It involves identifying the company's competitive position in the market and determining the resources and actions needed to achieve its goals. A vision is a statement that defines the company's aspirations and purpose, organizational structure refers to how the company is organized to achieve its objectives, and long-term objectives are specific goals that the company wants to accomplish over a period of time. However, a strategy encompasses all of these aspects and provides a comprehensive blueprint for managerial decisions.

A(n)_____ Provides a Framework for Managerial Decisions