The development of strategies to exploit opportunities and manage threats in the business environment in light of corporate strengths and weaknesses best defines
A) strategy alignment.
B) strategy formulation.
C) strategy initiation.
D) strategy completion.

Question

Quizplus · Accepted Answer

Strategy formulation involves the development of strategies to exploit opportunities and manage threats in the business environment, taking into account the organization's strengths and weaknesses. Strategy alignment refers to the process of aligning an organization's strategies with its mission and goals, while strategy initiation refers to the start of the strategy development process. Strategy completion refers to the implementation and execution of the chosen strategy.

The Development of Strategies to Exploit Opportunities and Manage Threats