Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company that pursues and achieves strategic objectives believes that pleasing customers is the single biggest driver of good long - term financial performance. is

A company that pursues and achieves strategic objectives
believes that pleasing customers is the single biggest driver of good long-term financial performance.
is unlikely to satisfy shareholder expectations because senior executives are not totally focused on the only valid purpose of a business: making the largest possible profit for shareholders.
is frequently better able to improve its future financial performance (beckuse of the stronger market standing and greater ability to compete successfully against rivals that result from setting and achieving aggressive strategic objectives).
is likely to earn lower profits than a company that focuses it full attention on achieving higher profitability.
is likely to be a below-average financial performer because diverting resources to the pursuit of strategic objectives takes away from the achievement of financial performance targets.
Copying, redistributing, or website posting is expressly prohibited and
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Hospitality Management

Authors: John R Walker

3rd Edition

0135061385, 9780135061381

More Books

Students also viewed these General Management questions