Which of the following is a comprehensive plan for accomplishing organizational objectives?
Which of the following is a comprehensive plan for accomplishing organizational objectives?
Solution
Option 1 -> Policy is a guideline or rule that directs decision-making and ensures consistency in organizational actions, but it is not a comprehensive plan for achieving objectives.
Option 2 -> Strategy is a comprehensive, long-term plan that outlines how an organization will achieve its objectives, including resource allocation, direction, and competitive positioning.
Option 3 -> Standing plan is an ongoing plan used for repetitive activities (policies, procedures, rules) rather than a comprehensive approach to achieving organizational objectives.
Option 4 -> Programme is a single-use plan that covers a specific set of activities with defined steps and timing, but lacks the comprehensive scope of overall organizational objectives.
Hence, Option 2: Strategy -> Strategy is the most comprehensive plan that integrates all organizational resources, capabilities, and actions to accomplish long-term objectives and gain competitive advantage. It provides the overall direction and framework for decision-making across the entire organization. -> correct
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2023: 11 June Shift 3