📚 Learning Guide
Strategic Decision-Making
easy

When faced with multiple strategies, which approach is most effective for selecting the one that aligns with organizational goals?

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Learning Path
Learning Path

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Choose the Best Answer

A

Using a SWOT analysis to evaluate strengths and weaknesses

B

Choosing the strategy that requires the least resources

C

Selecting the most popular strategy within the industry

D

Ignoring long-term implications to focus on short-term gains

Understanding the Answer

Let's break down why this is correct

Answer

The most effective way to pick a strategy that fits an organization’s goals is to use a structured scoring framework. First, list the key goals—such as revenue growth, customer satisfaction, and cost control—and assign a weight to each based on its importance. Then score each strategy on how well it meets each goal, multiply by the weight, and add the results to see which strategy scores highest. This scoring method keeps the focus on what matters most and turns subjective judgment into a clear, data‑driven choice. For example, a retailer could compare an online store, a pop‑up shop, and a loyalty program, score them on sales, brand awareness, and cost, and pick the one with the highest weighted score.

Detailed Explanation

A SWOT analysis helps you see what your organization can do well, what it struggles with, and what chances or dangers exist outside. Other options are incorrect because The idea that the cheapest plan is best is a common mistake; Thinking that the most popular industry strategy is the best is a misconception.

Key Concepts

Strategic Decision-Making
SWOT Analysis
Resource Allocation
Topic

Strategic Decision-Making

Difficulty

easy level question

Cognitive Level

understand

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