Two Critical Components of Successful Corporate Strategy Include

question 17

Multiple Choice

Two critical components of successful corporate strategy include:

• A)vision and mission.
• B)profit and loss.
• C)customers and suppliers.
• D)government regulation and tax obligation.
• E)mission and goals

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Definitions:

Expert Thinking

Advanced mental processes employed by individuals with extensive knowledge or skill in a particular domain, enabling them to solve problems, make decisions, and understand complex information efficiently.

Intuitive

Relating to knowing or understanding something instinctively, without the need for conscious reasoning.

Strategic

Relating to the identification of long-term or overall aims and interests and the means of achieving them, often involving planning and resource allocation.

K.Warner Schaie

A psychologist known for his work on the development of human intelligence and cognitive changes across the lifespan.