Which of the following is not an element of strategy formulation?
A) formulating functional strategies
B) establishing the mission of the organization
C) setting strategic goals
D) identifying strategic alternatives
E) evaluating and choosing the strategy that provides a competitive advantage for the firm

Question

Quizplus · Accepted Answer

Formulating functional strategies is considered a part of strategy implementation rather than strategy formulation. Strategy formulation involves defining the mission, setting strategic goals, identifying alternatives, and choosing the most advantageous strategy, not the detailed planning of how those strategies will be executed, which is where functional strategies come into play.

Which of the Following Is Not an Element of Strategy