Strategy involves identifying and leveraging an organization's strengths to take advantage of opportunities in the market. It goes beyond standard procedures or incremental changes, and also encompasses creating a demand for products and services. Compliance with financial procedures is not necessarily a component of strategy.

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Strategy Specifies

Question 40

Multiple Choice

Strategy specifies

A) how an organization matches its own capabilities with the opportunities in the marketplace.
B) standard procedures to ensure quality products.
C) incremental changes for improved performance.
D) the demand created for products and services.
E) that a company's financial procedures are in compliance with IFRS/ASPE.

Correct Answer: