In which phase of strategic management are annual objectives are especially important?
A) Reduction
B) Formulation
C) Implementation
D) Evaluation
E) Policy

Question

Quizplus · Accepted Answer

Annual objectives are especially important during the implementation phase of strategic management. This is because they provide a clear roadmap for achieving the overall strategic goals and help to ensure that everyone in the organization is aligned and working towards the same objectives. The formulation phase is where the strategic goals and objectives are set, but it is during implementation that the rubber hits the road and progress towards those goals is measured on an annual basis. The other options (reduction, evaluation, and policy) do not specifically relate to the importance of annual objectives in strategic management.

In Which Phase of Strategic Management Are Annual Objectives Are