Question : Assertion: A strategy provides a competitive advantage to an organization.
Reason: Strategies are always disclosed to competitors.
Option 1:
Both assertion and reason are correct, and the reason is a correct explanation.
Option 2: Both assertion and reason are correct, and the reason is not correct explanation.
Option 3: Assertion is false, but the reason is correct.
Option 4: Assertion is correct, but the reason is false.
Correct Answer: Assertion is correct, but the reason is false.
Solution : The correct answer is: (d) Assertion is correct, but the reason is false.
The assertion that a strategy provides a competitive advantage to an organization is correct. A well-formulated strategy can indeed provide a competitive edge by helping an organization differentiate itself, focus its efforts, and respond effectively to market conditions.
The reason stating that strategies are always disclosed to competitors is false. In reality, organizations often keep their strategies confidential to maintain a competitive advantage. While some aspects of a strategy may become apparent over time, organizations typically do not disclose their entire strategic plan to competitors.
Therefore, the assertion is correct, but the reason is false.
Question : Assertion: Strategies are developed at the operational level of an organization.
Reason: Strategies are primarily formulated by top-level management.
Question : Assertion: Strategies are formulated at all levels of an organization.
Question : Assertion: Strategy is a course of action designed to achieve a specific objective.
Reason: Strategies are always short-term in nature.
Question : Assertion: Planning provides direction for an organization.
Reason: Planning eliminates the need for effective communication within an organization.
Question : Assertion: A strategy provides a comprehensive plan for achieving organizational goals.
Reason: Strategies are limited to short-term objectives.
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