Question

A program or tactic is

A) a detailed cost statement in terms of dollars.
B) a system of sequential steps.
C) a statement of the activities needed to support a strategy.
D) the process by which strategies and policies are put into action.
E) none of the above

Answer 1

A program or tactic in business strategy is a statement of the activities needed to support a strategy, which is similar to an algorithm providing step-by-step instructions in problem-solving.

Step-by-step explanation:

A program or tactic related to business strategies can be thought of as a statement of the activities needed to support a strategy. This aligns closely with the definition of an algorithm in computer science, where it is a problem-solving formula that provides you with step-by-step instructions to achieve a desired outcome. In the context of business and strategy formulation, however, it could also refer to the process by which strategies and policies are put into action within an organization. Examples of this might be a company's monetary policy or fiscal policy, which are strategic approaches to regulate the supply of money and the management of taxes and government spending, respectively.

Considering the options provided, final answer in two lines: the correct definition for a program or tactic is C) a statement of the activities needed to support a strategy.

Answer 2

A program or tactic is C) a statement of the activities needed to support a strategy.

Step-by-step explanation:

In strategic management, a program or tactic refers to a structured plan outlining specific activities required to support and implement a broader organizational strategy. It is not a detailed cost statement (A), a system of sequential steps (B), or the process of putting strategies into action (D). Instead, it is a detailed statement specifying the actions and initiatives necessary to achieve strategic objectives.

These activities are carefully designed to align with the overall strategic direction of the organization.

Superscript Style:

The distinction among the options is clear, and option C best describes the nature of a program or tactic within the strategic management context. It emphasizes the importance of aligning actions with strategic goals, reflecting the detailed planning required for successful strategy execution.