Which of the following statements is true of the strategic formulation process?
A)The global strategic formulation process is completely independent of the process followed in domestic companies.
B)The strategic formulation process is part of the strategic management process in which most firms engage, either formally or informally.
C)Strategic formulation consists of four defined stages that occur in a consecutive order.
D)Most firms operate on planning cycles of one or two years with periodic strategy reviews.

Question

Quizplus · Accepted Answer

The statement that the strategic formulation process is part of the strategic management process in which most firms engage, either formally or informally, is true. The other statements, that the global strategic formulation process is completely independent of domestic companies' process, that strategic formulation consists of four defined stages that occur in a consecutive order, and that most firms operate on planning cycles of one or two years with periodic strategy reviews, are not necessarily true.

Which of the Following Statements Is True of the Strategic