The final part of the strategy formulation process is:
A)choosing business-level strategies.
B)choosing functional-level strategies.
C)choosing corporate-level strategies.
D)choosing functional-level goals.
E)choosing business-level goals.

Question

The final part of the strategy formulation process is:
A)choosing business-level strategies.
B)choosing functional-level strategies.
C)choosing corporate-level strategies.
D)choosing functional-level goals. 
E)choosing business-level goals.

Quizplus · Accepted Answer

The final part of the strategy formulation process is choosing corporate-level strategies, which involves determining the scope of the organization and identifying the businesses in which it will compete. This includes decisions on diversification, mergers and acquisitions, and alliances, as well as identifying the best way to allocate resources across different business units or products. Choosing business-level strategies (A) and functional-level strategies (B) typically come before this stage, as they relate to specific activities within a business unit, while choosing functional-level goals (D) and business-level goals (E) are more specific and operational than the final stage of corporate-level strategy formulation.

The Final Part of the Strategy Formulation Process Is