Strategy formulation answers the question:
A)How do we execute a chosen strategy?
B)What should our strategy be?
C)Where does strategy fit in?
D)How is strategy applied to me?

Question

Quizplus · Accepted Answer

Strategy formulation is the process of deciding what the organization's strategy should be. It involves analyzing the environment, identifying opportunities and threats, assessing organizational strengths and weaknesses, and determining how to use resources to achieve strategic goals.

Strategy Formulation Answers the Question