Strategy formulation refers to the
A) task of designing organizational structures and control systems.
B) process by which strategies are put into action.
C) top-down planning process that gives rise to the implementation of emergent strategies.
D) task of analyzing an organization's external and internal environment and then selecting an appropriate strategy.
E) process of choosing a realized strategy.

Question

Quizplus · Accepted Answer

Strategy formulation involves analyzing an organization's internal and external environment and then selecting an appropriate strategy to achieve its objectives. It precedes strategy implementation, which is the process of putting the chosen strategy into action. Strategy formulation is a top-down planning process that may give rise to emergent strategies, but its main task is to select a strategy that fits the organization's strengths, weaknesses, opportunities, and threats. Designing organizational structures and control systems is part of strategy implementation, not formulation. Choosing a realized strategy is not part of strategy formulation either, since that implies the strategy has already been implemented.

Strategy Formulation Refers to the