Business Strategy may be best described as the result of attempts at which one of the following alignments?

Business Strategy is fundamentally about how an organization positions itself in the marketplace and how it aligns its resources to navigate challenges and opportunities in both its internal and external environments. The correct choice emphasizes the necessity for a business to consider both its internal capabilities—such as resources, processes, and culture—and external factors, including market trends, competitive landscape, and regulatory influences.

By aligning these two aspects, a business can leverage its strengths and mitigate weaknesses while adapting to external pressures and opportunities. This dual alignment is critical for formulating strategies that are not only viable within the organization but also effective in responding to the larger market context.

While the other options might touch on relevant aspects of business operations—like linking IT to processes or considering the external environment's impact on IT—they do not encapsulate the comprehensive alignment of both internal and external elements that is vital for shaping a robust business strategy. A holistic approach is necessary to ensure that strategies are not only innovative but also practical and aligned with the realities of both the organization's capabilities and its competitive environment.