Strategy formulation and implementation are
A) related to the preferences of the management
B) integrated processes
C) the concerns of senior management only
D) discrete operations

Question

Quizplus · Accepted Answer

Strategy formulation and implementation are integrated processes, meaning that they are closely intertwined and require ongoing adjustment and realignment. They involve not only senior management but also different levels of the organization, and they are not solely driven by the preferences of the management, as they need to take into account the external environment, stakeholders' concerns, and organizational capabilities. Moreover, both processes are continuous and iterative, rather than discrete operations or one-time events.

Strategy Formulation and Implementation Are