Strategic management consists of strategy __________ and __________.
A) action; implementation
B) implementation; direction
C) formulation; implementation
D) formulation; review

Question

Quizplus · Accepted Answer

Strategic management consists of two main components, formulation and implementation. Formulation involves developing the organization's mission, objectives, and strategies, while implementation involves putting the strategies into action, including allocating resources, designing organizational structures, and managing people and processes. Review may be a component of the implementation process, but it is not typically considered a separate component of strategic management.

Strategic Management Consists of Strategy __________ and __________

Strategic Management Consists of Strategy and