The Strategic Management Model presents the following process for strategy formulation:
A) Objectives - Policies - Strategies - Mission.
B) Mission - Policies - Strategies - Objectives.
C) Policies - Mission - Strategies - Objectives.
D) Policies - Strategies - Objectives - Mission.
E) Mission - Objectives - Strategies - Policies.

Question

Quizplus · Accepted Answer

The Strategic Management Model typically follows the sequence of defining the Mission first, which outlines the organization's purpose. Objectives are then set, which are specific goals to achieve the mission. Strategies are formulated to achieve these objectives, and finally, Policies are established to guide the implementation of strategies.

The Strategic Management Model Presents the Following Process for Strategy