General Management · Strategic Management
Which of the following statements is true regarding the term 'strategy' in organizational management?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Strategies are of minimal importance to competitive success.
- 2Strategic decisions are completely delegated to the lowest operational levels.
- 3Strategy inherently possesses a long-term perspective.✓
- 4Strategy is determined solely on a short-term, daily basis by various departments.
Correct answer
Strategy inherently possesses a long-term perspective.
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