.Phase 3. Implementation and Evaluation
In this phase, a thorough indoctrination of the company with long range strategy, implementation of current procedures, monitoring of marketing activities, feedback mechanism for evaluation, and refinement of sourcing processes is conducted.

Question

Quizplus · Accepted Answer

Phase 3, typically referred to as the Implementation and Evaluation phase in strategic planning or project management, focuses on executing the planned strategies, monitoring their progress, evaluating their effectiveness, and making necessary adjustments. It does not specifically involve indoctrination of the company with long-range strategy but rather the practical application and assessment of strategies and procedures that have been developed.