Asked by Blake Waldman on May 15, 2024
Verified
Peter Drucker indicates that managers should ask five questions in the process of formulating an organisation's strategy. Which of the following is NOT one of these questions?
A) Who are our competitors?
B) Who are our customers?
C) What do our customers consider value?
D) What is our business mission?
E) What have been our results?
Peter Drucker
A renowned management consultant, educator, and author, considered the founder of modern management.
Organisational Strategy
A plan of action designed to achieve a long-term or overall aim within an organization.
- Comprehend the mechanisms of strategic management, which include the development of strategies and the planning process.
Verified Answer
RA
Rocio AdyleneMay 15, 2024
Final Answer :
A
Explanation :
Peter Drucker's five questions for formulating an organization's strategy do not explicitly include asking who the competitors are. His framework focuses on the organization's mission, the customers, what customers value, the results, and planning for the future, rather than directly on competitors.
Learning Objectives
- Comprehend the mechanisms of strategic management, which include the development of strategies and the planning process.
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