BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A key function of strategy is to eliminate coherence to organizational action.
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True
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False
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Explanation:
Detailed explanation-1: -The four most widely accepted key components of corporate strategy are visioning, objective setting, resource allocation, and prioritization.
Detailed explanation-2: -A hallmark of most successful strategies is that they are “strategically coherent.” Strategic coherence refers to the extent to which the various functional strategies a firm employs complement and reinforce one another.
Detailed explanation-3: -Strategic Management enables the organization to focus on long-term directions and interface with the internal and external environment and stakeholders.
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