Which of the Following Statements Best Define Strategy

question 79

Multiple Choice

Which of the following statements best define strategy?

• A) It describes how an organization can create value for its customers while differentiating itself from its competitors.
• B) It is an organization's ability to achieve lower costs relative to competitors through productivity and efficiency improvements, elimination of waste, and tight cost control.
• C) It is an organization's ability to offer products or services its customers perceive to be superior and unique relative to the products or services of its competitors.
• D) It describes how an organization motivates its employees to work for more hours without any increase in their wages.

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Definitions:

Tuckman's Model

A theory of group development presented by Bruce Tuckman, outlining stages teams typically go through: forming, storming, norming, performing, and adjourning.

Group Formation

The process through which people come together to form a group based on shared objectives, interests, or values.

Productive Group Members

Individuals within a group who actively contribute to achieving the group's objectives through effective collaboration and performance.

Team Structure

A hierarchical arrangement of roles, responsibilities, and relationships within a team that determines how it functions and makes decisions.