The development of long-range plans for the effective management of environmental opportunities and threats in light of corporate strengths and weaknesses is known as
A) strategy formulation.
B) strategy implementation.
C) strategy control.
D) strategy development.
E) strategy evaluation.

Question

Quizplus · Accepted Answer

Strategy formulation is the process of developing long-range plans for the effective management of environmental opportunities and threats in light of corporate strengths and weaknesses. It involves analyzing the internal and external environment, identifying strategic options, evaluating alternatives, and selecting the best course of action to achieve strategic goals and objectives. The other choices, like strategy implementation and strategy control, are parts of the overall strategic management process but do not specifically refer to the development of long-range plans for environmental management.

The Development of Long-Range Plans for the Effective Management of Environmental