Who formulates the overall strategic direction for an organization?

Question

Quizplus · Accepted Answer

Senior managers are typically responsible for formulating the overall strategic direction of an organization, as they have the highest level of authority and responsibility for the company's performance. While external planning consultants may provide guidance and support in the strategic planning process, the ultimate decisions and direction will come from the senior management team. Middle managers may be involved in implementing the strategy, but are typically not responsible for determining the overall direction. The media and stockholders may have an influence on the company's strategy, but do not typically formulate it themselves.

Who Formulates the Overall Strategic Direction for an Organization