The stage of strategic management that involves the use of managerial and organisational tools to direct resources towards achieving strategic outcomes is known as:
A) strategy formulation
B) strategy implementation
C) strategy coordination
D) strategy control
E) SWOT.

Question

Quizplus · Accepted Answer

Strategy implementation is the stage where managerial and organizational tools are used to direct resources towards achieving strategic outcomes. Strategy formulation is the stage where strategies are developed and analysed, strategy coordination involves aligning different business units towards achieving strategic goals, strategy control involves monitoring and adjusting the strategy as necessary, and SWOT is a tool used in strategy formulation. Therefore, the best choice is B, strategy implementation.

The Stage of Strategic Management That Involves the Use of Managerial