_____ is the process of crafting strategies to guide the allocation of resources.
A) Strategic analysis
B) Strategy formulation
C) Strategy implementation
D) Strategic crafting
E) Strategic outsourcing

Question

Quizplus · Accepted Answer

Strategy formulation is the process of crafting strategies to guide the allocation of resources. Strategic analysis is the process of analyzing the internal and external environment to identify strengths, weaknesses, opportunities, and threats. Strategy implementation is the process of putting the chosen strategy into action. Strategic crafting and strategic outsourcing are not commonly used phrases in the field of strategic management.

_____ Is the Process of Crafting Strategies to Guide the Allocation