Which of the following is the first stage of the strategy-formulation process?
A) identification of value-creating activities
B) formulation of strategies
C) identification of company mission and goals
D) identification of core competency

Question

Quizplus · Accepted Answer

The first stage of the strategy-formulation process is usually the identification of the company's mission and goals. This helps clarify the purpose and direction of the organization, which then guides the development of strategies to achieve those goals.

Which of the Following Is the First Stage of the Strategy-Formulation