The strategy formulation process involves both ________.
A) planning and strategy
B) strategy and structure
C) planning and marketing
D) strategy and production

Question

Quizplus · Accepted Answer

The strategy formulation process involves both planning and strategy. Planning involves analyzing the internal and external environment, setting objectives, and identifying resources needed. Strategy involves developing a plan or direction to achieve those objectives. Therefore, both planning and strategy are critical components of the strategy formulation process.

The Strategy Formulation Process Involves Both ________