A strategy can be best defined as:
A)an effective use of the organization's resources.
B)a plan for using a firm's resources to achieve sustainable goals within a competitive environment.
C)a clear and detailed statement of an organization's mission and vision.
D)a plan developing a firm's mission and vision statements.

Question

Quizplus · Accepted Answer

A strategy is a plan or approach for using an organization's resources to achieve sustainable goals within a competitive environment. It involves making decisions about how resources will be allocated and utilized in order to achieve desired outcomes. A clear mission and vision statement are important components of a successful strategy, but they are not the same thing as a strategy itself. Developing a mission and vision statement is a separate process that may be part of the overall strategic planning process.

A Strategy Can Be Best Defined As