BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
The following are elements of strategy, except:
|
|
determination of the basic long-term goals and objectives
|
|
|
adoption of courses of action
|
|
|
allocation of resources
|
|
|
a position in respect to others
|
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: -These five elements of strategy include Arenas, Differentiators, Vehicles, Staging, and Economic Logic. This model was developed by strategy researchers, Donald Hambrick and James Fredrickson.
Detailed explanation-3: -Strategic management has three major elements, which include strategic analysis, strategic choice, and strategy implementation.
There is 1 question to complete.