A multinational corporation is debating whether to invest significant time and resources into developing a new strategic plan. Some argue it diverts…

CA Intermediate · Financial Management and Strategic Management · MTP · May 2025
A multinational corporation is debating whether to invest significant time and resources into developing a new strategic plan. Some argue it diverts attention from current operations, while others believe it is essential for long-term success. Despite being resource-intensive, it remains crucial for sustained growth. What does this situation best illustrate?
(A) Strategic management ensures immediate profitability
(B) Strategic management is time-consuming but necessary
(C) Operational efficiency is more important than strategic planning
(D) Short-term focus leads to long-term success

Suggested Answer and Working Notes:

Correct Answer: Option (B)

Strategic management is time-consuming but necessary

Topics: Part B: Strategic Management

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