The strategy formulation phase of the strategic management process begins with _____.
A) analyzing the organizational factors
B) choosing a functional strategy
C) choosing a corporate strategy
D) developing the short-range objectives
E) identifying the mission

Question

Quizplus · Accepted Answer

The strategy formulation phase of the strategic management process begins with identifying the mission, as it forms the basis for developing long-term goals and strategies. Analyzing organizational factors, choosing functional and corporate strategies, and developing short-range objectives come later in the process.

The Strategy Formulation Phase of the Strategic Management Process Begins