____ refers to the use of managerial tools to direct resources toward the achievement of strategic goals.
A) Strategy formulation
B) Strategy coordination
C) Strategy implementation
D) Strategy control
E) Strategy planning

Question

Quizplus · Accepted Answer

Strategy implementation refers to the practical application of plans and the allocation of resources to achieve organizational goals. This involves the use of managerial tools such as budgeting, performance management, and project management to guide and coordinate activities towards strategic objectives. Strategy formulation involves the development of the actual plans and goals, while strategy coordination refers to the alignment of different activities and resources towards common objectives. Strategy control involves monitoring and evaluating performance to ensure that plans are being effectively implemented and adjusted if necessary. Strategy planning is the process of developing the overall strategic plan for the organization.

____ Refers to the Use of Managerial Tools to Direct