Understanding Strategy and Objective

What is the primary focus of a strategy in an organisational context?

• To set specific, measurable targets

• To outline a plan to achieve goals

• To evaluate past performance

• To allocate resources

Which of the following best describes an objective?

• A broad vision for the future

• A detailed action plan

• A specific, measurable target

• A list of potential challenges

How do strategies and objectives typically relate to each other?

• Strategies are developed after objectives are achieved

• Objectives are set to support the achievement of strategies

• Strategies and objectives are unrelated

• Objectives are broader than strategies

Which of the following is an example of a strategic decision?

• Deciding the colour of the office walls

• Choosing a new market to enter

• Setting a sales target for the next quarter

• Hiring a new employee

What is a key characteristic of an objective?

• It is vague and open-ended

• It is time-bound and specific

• It is flexible and adaptable

• It is focused on long-term vision

Which of the following statements is true?

• Strategies are more specific than objectives

• Objectives are more specific than strategies

• Strategies and objectives are equally specific

• Neither strategies nor objectives are specific

In a business context, what is the purpose of a strategy?

• To define the company's mission

• To provide a roadmap for achieving objectives

• To measure employee performance

• To determine daily tasks

Which of the following is NOT a characteristic of a good objective?

• Measurable

• Time-bound

• Ambiguous

• Achievable

What is the role of a strategy in achieving objectives?

• To replace objectives

• To provide a framework for achieving objectives

• To make objectives unnecessary

• To complicate the process

Which of the following is an example of an objective?

• Increase market share by 10% in the next year

• Develop a new marketing strategy

• Explore new business opportunities

• Improve customer satisfaction