Consider Tom Leppert's comments about what strategy is—and is not—from a board's perspective. Which of the following statements best reflects an effective approach to strategy?

An effective approach to strategy from a board's perspective emphasizes looking at the business from an enterprise level rather than focusing solely on individual units. This holistic view enables the board to understand the interconnectedness of various parts of the organization and how they contribute to overall goals and objectives. By taking into account the broader context in which the company operates, the board can make more informed decisions that support long-term growth and sustainability, rather than becoming bogged down in the performance of discrete segments or focusing narrowly on short-term metrics.

When a board prioritizes the enterprise level, it can develop strategies that leverage the strengths of different business units and align them with the company's overall mission and vision. This comprehensive approach aligns resources effectively, encourages collaboration across departments, and fosters innovation, ultimately leading to greater strategic success.