Question

Match List-I with List-II:
List-I (Concept):
(A). Strategy
(B). Policy
(C). Vision
(D). Mission
List-II (Detail):
(I). Quantitative goals of the organisation which are planned to be achieved
(II). Qualitative goals of the organisation which are planned to be achieved in the long-term future
(III). Set of principles and rules which direct the decisions of the organisation
(IV). Game plan chosen to achieve organisational objectives
Choose the correct answer from the options given below:

• A. (A)-(IV), (B)-(III), (C)-(II), (D)-(I)
• B. (A)-(I), (B)-(II), (C)-(III), (D)-(IV)
• C. (A)-(I), (B)-(II), (C)-(IV), (D)-(III)
• D. (A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Hint:

Remember: Strategy is always a "game plan", and a Policy is a set of "standing rules/principles" for decision-making. This distinction helps solve organizational management questions quickly.

Answer 1

The Correct Option is A

Step 1: Understanding the Concept:
Management systems use specific strategic planning terms to define an organization's purpose, rules of engagement, long-term goals, and action plans.

Step 2: Detailed Explanation:
Let us match the concepts in List-I with their definitions in List-II:

• (A) Strategy: The comprehensive action plan or method designed to achieve organizational goals. Thus, it pairs with (IV) Game plan chosen to achieve organisational objectives.

• (B) Policy: A standing plan that provides general guidelines and rules for decision-making. Thus, it pairs with (III) Set of principles and rules which direct the decisions of the organisation.

• (C) Vision: Represents where the organization aspires to be in the long-term future. Thus, it pairs with (II) Qualitative goals of the organisation which are planned to be achieved in the long-term future.

• (D) Mission: Defines the fundamental, immediate focus or quantitative targets. Thus, it pairs with (I) Quantitative goals of the organisation which are planned to be achieved.
This matches the combination: (A)-(IV), (B)-(III), (C)-(II), (D)-(I).

Step 3: Final Answer
The correct matching sequence is (A)-(IV), (B)-(III), (C)-(II), (D)-(I).