Description
1) Many people interchange the terms objective and goals. Can anyone in the class explain the difference between an objective and a goal?
2) Do you think it's possible for a company to have multiple strategies at the same time?
3) From a practical perspective - How do you determine which type of strategy is most appropriate for your organization?
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Explanation & Answer
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1. Goal is a set of standard that one has to reach or the desired result one anticipate to accomplish while an objective is the measured steps that one follows in order to accomplish a strategy.
2. yes it is possible for company to have multiple strategy
3. the nature of goals of the company determines which strategy is used in the company.
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