What best describes the term 'strategy' within an organization?

The term 'strategy' within an organization refers to the overall approach that defines how the organization intends to achieve its long-term vision and objectives. This encompasses not only the specific goals set forth by the organization but also the means and methods by which those goals will be accomplished. A well-defined strategy aligns resources, processes, and actions to create a roadmap that guides decision-making and prioritization across various functions of the organization.

In contrast, the other options represent aspects that are components or implications of a strategy, but do not encapsulate its broader definition. Rules for employee behavior are typically part of an organization's policies or culture rather than its strategic framework. Financial objectives indeed play a role in strategy but are just one element, not the full picture. Similarly, a detailed plan for product development could be a tactic within a broader strategic framework focused on product innovation or market expansion, but it does not encompass the entire strategic landscape of the organization. Thus, option B captures the essence of what 'strategy' fundamentally means in an organizational context.