Strategy formulation is an essential component of the POLC framework:
A)Planning
B)Organizing
C)Leading
D)Controlling

Question

Quizplus · Accepted Answer

Strategy formulation falls under the Planning component of the POLC framework. It involves identifying goals, opportunities, threats, and resources for an organization and developing a comprehensive plan to achieve those goals. Organizing, Leading, and Controlling are more focused on the execution and management of the plan once it has been formulated.

Strategy Formulation Is an Essential Component of the POLC Framework