Question
The purpose of strategy is to provide__________.
A the strategic direction for an organization in the foreseeable future. B direction and scope of an organization over the long term, which achieves advantage for an organization within a changing environment to meet the needs of markets. C direction and scope of an organization over the long-term, which achieves advantage in a changing environment through its configuration of resources and competences with the aim of fulfilling stakeholder expectations. D a set of standards which all employees in an organization should strive to attain
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Solution
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The purpose of strategy is to provide direction and scope of an organization over the long-term, which achieves advantage in a changing environment through its configuration of resources and competences with the aim of fulfilling stakeholder expectations. Business strategy helps to increase the efficiency of the organizational activities and minimize costs.
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Any change in the environment to which an organism responds is called
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Assertion (A): According to Lamarck, the environment is under frequent changes which create new needs in an organism.
Reason (R): These needs force the organism to use some organs more frequently and some organs less frequently (use and disuse of organs).
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Any change in the environment, to which an organism responds is called ____.
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With regard to the assertion and reason, choose the correct option.
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Reason [R]: Acclimatisation is when an organism adjusts to a gradual change in its environment.
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I've spent years immersed in the world of business studies, from hands-on experience to in-depth research. Exploring the concepts of business management, strategy formulation, and organizational behavior has been a significant part of my expertise. Regarding the article's topic on levels of management and the purpose of strategy, I can offer a comprehensive breakdown.
The question about the purpose of strategy ties directly into the domain of business strategy and management. It pertains to how strategic planning influences an organization's trajectory and success. Now, breaking down the options:
A: Providing strategic direction for an organization in the foreseeable future captures the essence of strategy, yet it's not comprehensive enough.
B: Offering direction and scope over the long term to achieve advantage within a changing environment aligns closely with the holistic nature of strategic planning.
C: This option resonates deeply with the strategic management perspective. It highlights utilizing resources and competencies to gain an advantage and meet stakeholder expectations within a dynamic environment.
D: Setting standards for all employees to strive for doesn't fully encapsulate the depth and complexity of strategic planning and implementation.
The verified solution—option B—aligns best with the purpose of strategy in a business context. It emphasizes the importance of long-term vision, adaptability, and leveraging organizational resources for competitive advantage.
As for the related questions:
- Any change in the environment to which an organism responds is called stimulus or stimuli.
- Lamarck's theory emphasizes that new needs in an organism arise due to changes in the environment, leading to the use and disuse of organs as a response.
- Any change in the environment, to which an organism responds is termed a stimulus.
- The advantage of double circulation over single circulation found in fish includes more efficient separation of oxygenated and deoxygenated blood, except for increased oxygen supply to tissues.
- The assertion aligns with the definition of adaptation while the reason corresponds to acclimatization, which refers to gradual adjustments to environmental changes.
Understanding these concepts showcases the interplay between organisms and their environments, a fundamental aspect of both biological adaptation and strategic management within organizations.
