The stage of strategic management that involves the use of managerial and organisational tools to direct resources towards achieving strategic outcomes is known as strategy formulation.

Question

Quizplus · Accepted Answer

Strategy formulation is the stage where goals and objectives are set, and strategies are created to achieve these goals, not the stage where resources are directed towards achieving strategic outcomes. The latter is referred to as strategy implementation.

The Stage of Strategic Management That Involves the Use of Managerial