CA Intermediate · Financial Management and Strategic Management · Introduction to Strategic Management
Tata-style conglomerate 'Bharat Agro Ltd' has set the following: 'We will become the most trusted name in rural farm inputs across India.' This statement is best described as its:
The statement is a strategic vision. A vision expresses what the organisation aspires to become in the long run, here the most trusted rural farm inputs name in India. Budgets, policies and action plans are specific, short-term or functional tools, not broad aspirational declarations.
- AStrategic visionCorrect
- BOperational budget
- CFunctional policy
- DTactical action plan
Explanation
A vision states the aspirational future position of the organisation in broad, inspiring terms. The statement describes a desired future standing, not a budget, policy or short-term action plan, so it is a vision.
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