An organization’s plan of action is considered its _____.visionmissionobjectivestrategy
Question
An organization’s plan of action is considered its _____.
- vision
- mission
- objective
- strategy
Solution
The correct answer is "strategy."
Explanation
In the context of an organization, a strategy is the comprehensive plan or set of actions designed to achieve specific goals and objectives. It outlines how an organization intends to position itself in the market to sustain growth, leverage resources, and address challenges. In contrast, a vision refers to the long-term aspirational goals of an organization, while a mission defines its purpose and fundamental reason for existence. Objectives are specific, measurable outcomes that the organization seeks to accomplish within a certain timeframe. Therefore, while all these elements are crucial to organizational planning, the term that explicitly refers to the plan of action is "strategy."
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