The likelihood of a firm achieving its objectives is maximized when its vision strategy and industry conditions are aligned.

Question

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When a firm's vision strategy is aligned with the industry conditions, it enables the firm to identify the right opportunities, devise appropriate strategies, create and deliver the right products or services, optimize its resources, and compete effectively. This increases the chances of the firm achieving its objectives. However, if there is a misalignment between the firm's vision strategy and industry conditions, it can lead to strategic drift, missed opportunities, inefficiencies, and failure to achieve objectives.

The Likelihood of a Firm Achieving Its Objectives Is Maximized