Which Two Statements Accurately Relate to the Process Approach to Strategy

question 27

Multiple Choice

Which two statements accurately relate to the process approach to strategy, led by Mintzberg and Pettigrew?

• A) Managers make decisions based on organisational politics and history as much as on economic bases.
• B) Strategy must be based on accurately identifying a hierarchy of aims and goals.
• C) Strategy formulation and implementation is messy.
• D) Strategy is largely based on discourse - the way in which the organisation is discussed.

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Definitions:

Freedom To Farm Act

A U.S. federal law enacted in 1996 aimed at allowing farmers greater management flexibility in what they plant and produce.

Agricultural Price Supports

Government interventions to stabilize or increase agricultural product prices through mechanisms such as subsidies or purchase commitments.

Acreage Allotments

A pre-1996 government program that limited the total number of acres to be used in producing (reduced amounts of) various food and fiber products and allocated these acres among individual farmers. These farmers had to limit their plantings to the allotted number of acres to obtain price supports for their crops.

Parity Ratio

is a measurement used to compare the value of one thing against another, often in agriculture or finance.