Strategic management includes strategy __________ and strategy __________.
A) negotiation; implementation
B) implementation; direction
C) formulation; implementation
D) formulation; review

Question

Quizplus · Accepted Answer

Strategic management is a process that involves both strategy formulation as well as strategy implementation. Formulation refers to the process of developing a specific strategy for an organization, while implementation involves putting that strategy into action. Therefore, the best choice is C, which includes both formulation and implementation. Option A, negotiation is not necessarily a part of strategic management, and Option B, direction, is too vague. Option D, review, is only part of the implementation process as it refers to monitoring and assessing the effectiveness of the strategy.

Strategic Management Includes Strategy __________ and Strategy __________

Strategic Management Includes Strategy and Strategy