Question

In the context of the criteria for performance excellence, what is the aim of strategy development?

A) To maximize short-term profits.
B) To minimize employee involvement.
C) To achieve the organization's mission and vision.
D) To reduce customer satisfaction.

Answer 1

The aim of strategy development is to achieve the organization's mission and vision.

Step-by-step explanation:

In the context of the criteria for performance excellence, the aim of strategy development is to achieve the organization's mission and vision. Strategy development involves creating a plan of action that aligns with the long-term goals and objectives of the organization. It includes identifying opportunities, analyzing the competitive environment, and making decisions about resource allocation and implementation.