Final answer:
The correct answer is B It aligns the organization with its mission and vision.
Step-by-step explanation:
Establishing and achieving strategic objectives is of high priority on management's agenda because it aligns the organization with its mission and vision. This is crucial for setting a direction that ensures long-term success and sustainability. When goals are clear and linked to the strategic vision, planning can be more focused, and a pathway for achieving these objectives can be devised.
Understanding the importance of these objectives also helps to attract outside investors such as bondholders and shareholders, as they are more likely to provide financial capital to a firm with a clear strategy and potential for profitability. Therefore, it's not only about short-term gains but establishing a reliable and effective strategy that will lead to long-term growth, innovation, and prosperity, which in turn can enhance operational efficiency and reduce the need for constant strategic adaptation.