Which describes business strategy?

Question

Options

• AA means of defining and communicating how an organization intends to achieve its goals
• BA way to stay relevant to customer needs or market dynamics as they change
• CA description of how the organization should be configured to provide value to customers
• DA model to define how the organization will be run

• A
  94% (30)
• B
  3% (1)
• C
  3% (1)

Explanation

Option A is correct because business strategy is fundamentally a plan that defines an organization's goals and articulates how it intends to achieve them - it answers the "what" and "how" of organizational direction.

Option B describes adaptability or agility - staying relevant to changing customer needs is a characteristic of good execution or organizational agility, not strategy definition itself. Option C describes organizational design or operating model - how the organization is configured (structure, processes, roles) to deliver value is a separate concept from strategy. Option D describes a business model - defining how the organization will be run (revenue streams, operations, value creation) is distinct from the directional intent of strategy.

Memory tip: Think of business strategy as a compass - it points the direction (goals) and shows the path (how to achieve them). Configuration, adaptability, and operations are the vehicle and terrain, not the compass itself.

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