A company can translate mission into strategic objectives by?
Correct answer: D. all of aboveBusiness Formation
- A. Vertical integration
- B. Diversity
- C. Geographic coverage
- D. all of aboveBusiness Formation
Explanation
Strategic objectives can specify the firm's intended scope through choices such as vertical integration, diversification, and geographical coverage. Therefore, all three listed approaches can help convert a broad mission into measurable strategic direction.
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About Principles of Management
Management principles explain how organisations set objectives and coordinate people and resources to achieve them. Coverage includes planning, organising, staffing, directing, coordinating and controlling, along with authority, responsibility, delegation, span of control and the levels of management. These functions are related but not interchangeable, especially planning and controlling.
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