Question

Strategy refers to __________.a. an organization's long-term course of action designed to deliver a unique customer experience while achieving its goals. b. an organization's corporate tactical or action plan. statement of an accomplishment of a task to be achieved by a certain time. c. a statement of the organization's function in society, often identifying its customers, markets, product, and technologies. d. a road map for the entire organization for a specified future period of time, such as one or five years.

Answer 1

The correct option is A. an organization's long-term course of action designed to deliver a unique customer experience while achieving its goals.

Explanation:

Strategy in an organization refers to a long term plan of action that has been designed to achieve a particular goal or set of goals or objectives.

Strategy is the game plan of the management for strengthening the performance of the organization. It is usually a statement of how the company's business should be conducted to achieve the desired goals.

Types of strategies include:

- Cost leadership

- Product/Service differentiation

- Focus strategies