Strategy specifies ________.
A) how an organization matches its own capabilities with the opportunities in the marketplace
B) standard procedures to ensure quality products
C) incremental changes for improved performance
D) the demand created for products and services

Question

Quizplus · Accepted Answer

Strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace. This involves decisions related to the direction of the organization, the allocation of resources, and how to gain a sustainable competitive advantage. Standard procedures, incremental changes, and demand creation are all important considerations but are not the defining elements of strategy.

Strategy Specifies ________