When strategies differ significantly, managers will generally be slower and less decisive. Indicate whether the statement is true or false
Planning refers to the formation of a series of steps that must be followed to achieve the desired goal. Every organization's key function is planning, which aids in the creation of a map that leads to the desired state. It is a flexible function that can be adjusted at any time during the process.
Answer and Explanation:
The given statement is True
Strategies are a series of plans devised by management to direct the organization's functions and activities toward the...
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fromChapter 3 / Lesson 6
A business may employ different business strategies (or plans) to achieve its organizational goals. Define a business strategy and learn about its different types, including cost, differentiation, and focus strategies.