The set of processes for determining the strategies that will be used by an organization are known as

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The set of processes for determining the strategies that will be used by an organization are known as strategy formulation. Strategy formulation involves analyzing the external and internal factors influencing the organization, setting goals, and developing a plan of action to achieve those goals. SWOT analysis, GE grid analysis, and contingency planning are all tools that may be used during the strategy formulation process, but they are not the set of processes themselves. Strategy implementation is the process of putting the formulated strategy into action.

The Set of Processes for Determining the Strategies That Will