BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are the key elements of strategy? (tick all relevant)
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Sustainability.
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Competitive Advantage.
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Alignment with its environment.
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Process development to deliver the strategy.
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Adding of value.
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Explanation:
Detailed explanation-1: -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-2: -The four most widely accepted key components of corporate strategy are visioning, objective setting, resource allocation, and prioritization.
There is 1 question to complete.