In _______ strategy, global businesses define their overall goals.
A) formulating
B) controlling
C) implementing
D) organizing
E) directing

Question

Quizplus · Accepted Answer

Formulating strategy involves defining the overall goals of a business, analyzing the internal and external environment, and identifying appropriate courses of action to achieve those goals. Controlling involves monitoring and adjusting performance to ensure the strategy is being implemented effectively. Implementing involves executing the chosen strategy, organizing involves arranging resources and personnel to carry out the strategy, and directing involves leading and motivating employees to effectively carry out the strategy.

In _______ Strategy, Global Businesses Define Their Overall Goals