Each of the nine techniques included in the strategy formulation framework rely on the use of
A) strictly factual data.
B) luck.
C) financial formulas and statistics.
D) intuition and analysis.
E) synergy.

Question

Quizplus · Accepted Answer

The nine techniques in the strategy formulation framework include both analytical and intuitive methods, which require a combination of intuition and analysis. They include SWOT analysis, competitive analysis, portfolio analysis, growth strategies, diversification strategies, mergers and acquisitions, strategic alliances, joint ventures, and divestiture. While factual data and financial formulas may be used in some of these techniques, a significant part of strategy formulation requires managers to use their intuition and judgement. The concept of synergy is not directly related to these techniques.

Each of the Nine Techniques Included in the Strategy Formulation