One of the key activities associated with the strategy formulation stage of strategic analysis is to
A) generate strategic proposals
B) assess past performance
C) forecast future performance based on current strategy
D) establish need for change

Question

Quizplus · Accepted Answer

The strategy formulation stage of strategic analysis involves generating strategic proposals, which are potential courses of action that a business could take to achieve its objectives. This involves analyzing internal and external factors to identify opportunities and threats, as well as the organization's strengths and weaknesses. From this analysis, several strategic proposals can be generated, which are then evaluated to determine which ones are most feasible and likely to achieve the desired outcomes. Therefore, the correct answer is A.

One of the Key Activities Associated with the Strategy Formulation