Strategy formulation is a part of strategic management that focuses on the specific actions that a firm uses to achieve strategic goals and objectives.

Name: Strategy formulation is a part of strategic management that focuses on the specific actions that a firm uses to achieve strategic goals and objectives.
Brand: Quizplus
Rating: 4.7 (37 reviews)

Question

Quizplus · Accepted Answer

Strategy formulation is about developing the overall plan and direction to achieve strategic goals, while the specific actions are part of strategy implementation.

Strategy Formulation Is a Part of Strategic Management That Focuses