BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Strategy is ____ oriented.
A
future
B
past
C
present
Explanation: 

Detailed explanation-1: -Future orientation defines how an organization considers its long-term prospects, goals, and future. A lack of future orientation leads to excessive focus on temporary outcomes rather than big ideas. Develop and commit goals that reflect your organization’s future orientation.

Detailed explanation-2: -Simply put, a strategic plan is a vision of your organization’s future and the basic steps required to achieve that future. A good plan should include goals and objectives, desired outcomes, metrics for measuring your progress, timelines, and budgets.

Detailed explanation-3: -Strategic orientation is the ability to link the long-range vision of Indigenous self-determination to daily work, ranging from a simple understanding to a sophisticated awareness of the full impact of thinking and actions.

Detailed explanation-4: -In psychology and related fields, future orientation is broadly defined as the extent to which an individual thinks about the future, anticipates future consequences, and plans ahead before acting.

Detailed explanation-5: -Strategic Futuring is a vision-centered planning process that is customized, creative, flexible and especially focused on strengths, opportunities, capacities, visions and dreams. Deliberate, systematic implementation and regular follow-up are crucial elements for process success.

There is 1 question to complete.