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Management · Q309

Strategic Management

Graduate and Post Graduate · Management · question 309

Q309

An organization's strategies should be designed so that they incorporate:

A.
opportunities and threats
B.
resources and capabilities
Answer
C.
only traditional values of past organizations
D.
opportunities, threats, resources, and capabilities

Answer: Option B

Solution

Answer: Option B
Solution:
An organization's strategies should be designed so that they incorporate resources and capabilities. An organizational strategy is the sum of the actions a company intends to take to achieve long-term goals. Together, these actions make up a company's strategic plan. Strategic plans take at least a year to complete, requiring involvement from all company levels.