Strategy formulation is
A) a set of processes involving the organization's strategies.
B) the method by which strategies are operationalized.
C) the same as goal development.
D) also called corporate-level strategy.
E) a form of functional strategy.

Question

Quizplus · Accepted Answer

Strategy formulation involves the processes of developing and selecting strategies for an organization, which includes analyzing the internal and external environment, setting goals, and identifying resources and capabilities. It is a crucial step in the strategic management process.

Strategy Formulation Is