The Strategies an Organization Develops to Provide Value to the Customers

question 66

Multiple Choice

The strategies an organization develops to provide value to the customers it serves is called

• A)a mission statement.
• B)an objective goal.
• C)a vision statement.
• D)a business model.
• E)a protocol.

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Definitions:

HR Strategy Formulation

The process of developing and implementing plans and actions by the Human Resources department to align the workforce's skills and capabilities with the organization's overall strategic objectives.

Organization's Purpose

The fundamental reason for an organization's existence, often reflected in its goals, mission, and the value it aims to provide to stakeholders.

Organization's Mission

A statement that outlines the purpose, goals, and values of an organization, guiding its strategic decisions and operations.

Unrelated Diversification

A corporate strategy where a company expands its business operations into markets or products that are not related to its existing business units.