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:

Living Standards

A measure of the wealth, comfort, material goods, and necessities available to a person, group, or society.

Opportunity Cost

The financial impact of rejecting the subsequent preferable alternative while opting for one choice over another.

Produce Watches

The process of manufacturing timepieces, typically involving assembly of various components to create functional wristwatches.

Produce Cheese

The process of making cheese from milk through coagulation, curdling, and pressing the solids.