The concept of strategic alignment can best be described as ________.
A) the way that firms choose to use their resources
B) the need for the firm's activities to compliment each other and support the overall strategy
C) the way that firms choose to develop their capabilities
D) the need to increase competitive advantage by selecting an attractive industry

Question

Quizplus · Accepted Answer

Strategic alignment refers to the need for a company's activities and priorities to be integrated in a way that supports and advances its overall strategy. In other words, the various components of the business should work together harmoniously to achieve the company's goals. Resource allocation, capability development, and industry selection are all important factors in strategic decision-making, but the ultimate goal is to create a cohesive and effective strategy that is aligned across all aspects of the business.

The Concept of Strategic Alignment Can Best Be Described as ________