Each of the nine techniques included in the strategy formulation framework rely on the use of
A)strictly factual data.
B)intuition and analysis.
C)luck.
D)synergy.
E)financial formulas and statistics.

Question

Quizplus · Accepted Answer

The nine techniques included in the strategy formulation framework rely on a combination of intuition and analysis. While factual data and financial formulas are certainly important components, they are not the only factors considered in strategy formulation. Likewise, luck and synergy may play a role, but they are not reliable techniques to rely on for strategic planning. Therefore, the best answer is B, as intuition and analysis are essential to effective strategy formulation.

Each of the Nine Techniques Included in the Strategy Formulation