Which of the following has been shown to be the best predictor of firm performance?
A)Create strategic priorities and goals simultaneously.
B)Establish strategic priorities before setting goals.
C)Identify the strength and weaknesses of the firm,and then let firm-level strategic priorities emerge naturally.
D)Focus on goals,and then create strategic priorities on how to compete.

Question

Quizplus · Accepted Answer

The best predictor of firm performance is establishing strategic priorities before setting goals. This approach ensures that the goals align with the overall strategic direction of the firm, improving the likelihood of successful implementation and achievement of desired outcomes. Research has shown that firms that follow this approach are more likely to outperform those that focus on goals and create strategic priorities later or identify strengths and weaknesses first.

Which of the Following Has Been Shown to Be the Best