Which indicator is least relevant in identifying a company's present strategy?

The least relevant indicator in identifying a company's present strategy is the company's mission and strategic objectives. While the mission statement and strategic objectives provide a framework and direction for the company, they often reflect aspirational goals rather than the specific actions and tactics currently being undertaken. These elements are typically broader and may not accurately represent the nuances of the company's immediate strategies or competitive maneuvers.

On the other hand, key functional strategies employed, management's proactive moves against rivals, and the strategic role of partnerships and alliances are more directly related to the operational aspects of the company’s strategy. They illustrate how the company is positioning itself in the marketplace, responding to competition, and leveraging resources. Thus, while the mission and strategic objectives serve an important purpose in defining the overall vision, they do not provide the same level of insight into the current strategic decisions being implemented.