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Management · Q62

Strategic Management

Graduate and Post Graduate · Management · question 62

Q62

__________ refers to the purposes an organization strives to achieve

A.
Strategic Intent
Answer
B.
Strategic Formulation
C.
Strategic Implementation
D.
Strategic Control

Answer: Option A

Solution

Answer: Option A
Solution:
Strategic Intent refers to the purposes an organization strives to achieve. Strategic Intent can be understood as the philosophical base of the strategic management process. It implies the purpose, which an organization endeavor of achieving. It is a statement, that provides a perspective of the means, which will lead the organization, reach the vision in the long run.