The Fundamental Role of Strategy Is to

question 35

Multiple Choice

The fundamental role of strategy is to

• A)determine how the firm will make a profit in its industry environment.
• B)determine how the firm will deploy its resources to satisfy its short-term financial goals.
• C)determine how the firm will deploy its resources to satisfy its long-term goals, given the conditions in the competitive environment.
• D)determine how the firm can organize its own activities and achieve dominance.

---

Definitions:

Anal Stage

In psychoanalytic theory, the second stage of psychosexual development, occurring from about 18 months to three years of age, where the focus of pleasure is on controlling bladder and bowel movements.

Oedipal Stage

A phase in Freudian psychosexual development when a child feels a desire for the opposite-sex parent and jealousy towards the same-sex parent.

Freud

Sigmund Freud was an Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Inner Voice

The internal dialogue or stream of consciousness that reflects one's thoughts, beliefs, or internal monologue.