Strategy formulation is the
A) creation of a broad program for defining and meeting an organization's goals.
B) creation of a broad program for planning and meeting an organization's goals.
C) creation of a broad program for defining and structuring an organization's goals.
D) creation of a small program for defining and meeting an organization's goals.
E) creation of a small program for defining and structuring an organization's goals.

Question

Quizplus · Accepted Answer

Strategy formulation involves the creation of a comprehensive plan or program for defining and achieving an organization's goals, which is a broad process that involves a range of considerations, including market analysis, resource allocation, competitive positioning, and other strategic factors. This process is critical to the success of an organization, and requires careful planning and execution to ensure that the strategy is effective and sustainable over the long term.

Strategy Formulation Is the