A comprehensive plan of action that identifies long-term direction for an organization and guides resource utilization to accomplish an organization's goals with sustainable competitive advantage is known as the __________.

Question

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A strategy is a comprehensive plan that identifies long-term direction for an organization and guides resource utilization to achieve sustainable competitive advantage. Operating philosophy refers to the beliefs and values that guide an organization's behavior, while planning objectives and operating objectives are more specific and short-term in nature. Official objectives is not a commonly used term in strategic planning.

A Comprehensive Plan of Action That Identifies Long-Term Direction for an Organization