Which of the Following Statements About Strategy Is Wrong

question 27

Multiple Choice

Which of the following statements about strategy is wrong?

• A)Usually strategies require some degree of persistence.
• B)Strategic planning is undertaken to achieve objectives.
• C)Strategies should evolve from the company's mission.
• D)Some organizations do not need strategies.
• E)None of these.

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Definitions:

Employee-Of-The-Month

A recognition program in which an employee is honored for outstanding performance, contribution, or attitude over a specified period.

Gain Sharing

A compensation strategy where employees receive financial rewards based on improvements in the company's performance, meant to increase productivity and morale.

Pay-For-Performance

Pay-For-Performance is a compensation strategy where employees' compensation is directly linked to their performance or achievements.

Organizational Productivity

The measure of how efficiently and effectively an organization uses its resources to achieve its goals.