5 Questions
What is the definition of organizational strategy?
The determination of the long run goals and objectives of an enterprise and the adoption of course of action and the allocation of resource necessary for carrying out these goals
What is the role of strategy in an organization?
All of the above
What is the difference between vision and mission?
Vision is the long-term direction of an organization, while mission is the determination of long run goals and objectives
What is the meaning of competitive advantage?
Achieving advantage in a changing environment
What is strategy's role in figuring out what not to do?
Achieving advantage in a changing environment
Test your knowledge on the fundamentals of organizational strategy in this quiz. Differentiate between vision and mission, goals and objectives, and understand the concept of competitive advantage. Challenge yourself and enhance your understanding of strategic decision making.
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