Question : The government has been doubling down on its efforts to switch to 100% electric vehicles by 2030. Many companies such as Tata Motors, Kinetic Motors, Maruti Suzuki and Hyundai Motors are all readying their EV models for a 2020 launch in order to support the plan. Identify the type of plan being described in the above lines.
Option 1: Method
Option 2: Strategy
Option 3: Programme
Option 4: Objective
Correct Answer: Strategy
Solution :
Strategy formulation is the task of top level people and it is must to scan and understand clearly the business environment before framing the strategy. Strategy defines the future decision regarding the organisation direction and scope in the long run. The common decision in strategy are whether to introduce a new product or not. In the above case, Tata Motors, Kinetic Motors, Maruti Suzuki and Hyundai Motors are all readying their EV models for a 2020 launch in order to support the plan. That's why they are discussing about strategy.
Hence, option 2 is the correct answer.
