Very Short Answer Question 1. State two characteristics of strategy. Strategy is a long term action plan for achieving sustainable competitive advantage. Its two important characteristics are: Long term direction: Strategy provides long term direction to an organization. Competitive advantage: Strategic decisions always aim at achieving competitive advantage. 2. Define strategy. Strategy is an action […]
Chapter 8: Strategic Management
Study Notes Nepal Posted in 3rd Year, BBSTagged bbs 3rd year, Characteristics of Strategy, components of strategic planning, levels of strategy, role of the CEO in strategic planning, strategic decisions, strategy, study notes nepalLeave a Comment on Chapter 8: Strategic Management