810-440 · Question #63
Which element delivers a long-term plan for how the business will achieve its target state and goals?
The correct answer is C. Business strategy. A business strategy provides a long-term plan outlining how an organization will achieve its target state and strategic goals.
Question
Which element delivers a long-term plan for how the business will achieve its target state and goals?
Options
- ABusiness priority
- BBusiness outcome
- CBusiness strategy
- DBusiness requirement
- EBusiness solution
How the community answered
(46 responses)- A2% (1)
- C91% (42)
- D2% (1)
- E4% (2)
Why each option
A business strategy provides a long-term plan outlining how an organization will achieve its target state and strategic goals.
A business priority identifies what is most important to focus on in the short to medium term, not the overall long-term plan.
A business outcome is the measurable result or impact achieved, which is a consequence of executing a strategy, not the strategy itself.
A business strategy is a comprehensive, long-term plan that an organization develops to achieve its overarching goals and desired future state by defining its direction, how it will compete, and allocate resources. It encompasses the choices and actions that determine how the business intends to create value, differentiate itself, and sustain a competitive advantage over time.
A business requirement specifies a condition or capability needed by stakeholders or for a solution to solve a problem or achieve an objective, which is too granular for a long-term plan.
A business solution is a specific answer or implementation designed to address a business problem or need, which is an execution component, not the overarching long-term plan.
Concept tested: Definition of business strategy
Source: https://www.investopedia.com/terms/b/business-strategy.asp
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