Which of the following statement is true?
Statement I Strategic intent focuses on the purpose of existence of the organisation in the
market.
Statement II Vision statement lays down the framework for the formulation of strategies and broad scope of the activities of the organisation.
Statement III Goals need to be precise, realistic and measurable that can be achieved in a specific time.
A. Both I and III
B. Both II and III
C. Both I and II
D. I, II and III
Answer: Option A
Related Questions on Strategic Management
Strategy is developed by the visionary chief executive in ___________ mode of strategic management
A. planning mode
B. adaptive mode
C. strategic mode
D. entrepreneurial mode
Stability strategy is a ____________ strategy
A. corporate level
B. business level
C. functional level
D. strategic level
What are the means by which long term objectives will be achieved?
A. Strategies
B. Policies
C. Strength
D. Opportunities
Marketing strategy is a ___________ type of strategy
A. business level
B. Growth strategy
C. corporate strategy
D. functional strategy
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