Following are the features of a strategy:
A. It relates to one area of operation B. It requires commitment of organization C. It is based mostly on future scenario D. It will not affect future growth of organization E. It is based on expected behaviour of forces in the external environment
Choose the correct answer from the options given below:

Correct option is A

A strategy is a long-term plan formulated to achieve an organization's goals. It involves analyzing internal and external factors and making decisions to ensure future success. The key features of a strategy include:
· B. It requires commitment of the organization – A strategy involves the entire organization’s commitment, including resources, leadership, and execution.
· C. It is based mostly on future scenarios – Strategies are formulated with a focus on future possibilities, anticipating trends and challenges.
· E. It is based on expected behavior of forces in the external environment – A strategy considers external factors such as market trends, competition, and economic conditions to remain relevant.
Information Booster:
Key Features of a Strategy:
1. Long-Term Focus – A strategy is designed to achieve long-term organizational goals.
2. Commitment-Oriented – It requires active participation from leadership and employees.
3. Future-Oriented – A strategy anticipates future challenges and opportunities.
4. External and Internal Considerations – It is developed based on market trends, competition, and internal strengths.
5. Dynamic and Flexible – Strategies need adjustments based on changing circumstances.
Why Strategy is Important?
· Helps in competitive advantage.
· Provides clear direction for decision-making.
· Ensures resource optimization for better efficiency.
· Helps organizations adapt to market fluctuations.
Additional Knowledge:
· A. It relates to one area of operation – Strategy is a broad concept that typically integrates multiple areas of operation rather than focusing on just one.
· D. It will not affect the future growth of the organization – This is incorrect because strategies directly impact an organization's growth and sustainability.