All of the above options are important for a strategy to be effective. A comprehensive and integrated strategy will cover all aspects of the business, while identifying key success factors will help the firm stay competitive. Additionally, the strategy should specify how the firm will achieve its mission, goals, and objectives in order to guide decision-making and ensure alignment throughout the organization.

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A Strategy Should

Question 40

Multiple Choice

A strategy should:

A) be comprehensive and well integrated.
B) focus on establishing for the firm the key success factors in the industry.
C) identify how the firm will accomplish its mission, goals, and objectives.
D) All of the above

Correct Answer: