Making a fit between company's competitive aims and each department's plan is?
Correct answer: B. Strategic fit
- A. Strategic planning
- B. Strategic fit
- C. Corporate strategy
- D. Competitive strategy
Explanation
Strategic fit means aligning departmental plans and capabilities with the company’s competitive aims and overall strategy. Strategic planning is the broader process used to create and implement that alignment.
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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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