What is the primary aim of a strategy in an organisation?
Understand the Problem
The question is asking about the primary aim of a strategy within an organization, suggesting multiple choice answers that relate to competition, product development, environmental adaptation, and employee satisfaction.
Answer
The primary aim of a strategy in an organization is to set up a sustainable competitive advantage.
The primary aim of a strategy in an organization is to set up a sustainable competitive advantage.
Answer for screen readers
The primary aim of a strategy in an organization is to set up a sustainable competitive advantage.
More Information
A sustainable competitive advantage allows an organization to outperform its competitors consistently over time. The strategic focus on this ensures long-term success and stability.
Tips
A common mistake is confusing tactical decisions (short-term) with strategic ones (long-term). Focus on the long-term objectives and ensure they align with achieving a competitive edge.
Sources
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