Strategy Formulation Involves, in Order

question 133

Short Answer

Strategy formulation involves, in order,
(1) creating a mission statement, (2) analyzing the organization and its environment, and (3) setting strategic goals.
(1) creating a mission statement, (2) setting strategic goals, and (3) analyzing the organization and its environment.
(1) setting strategic goals, (2) analyzing the organization and its environment, and (3) matching the organization and its environment.
(1) setting strategic goals, (2) analyzing the organization and its environment, and (3) creating a mission statement.
(1) analyzing the organization and its environment, (2) matching the organization and its environment, and (3) setting strategic goals.

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Definitions:

Organizational Cultures

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business or institution.

Influence Leaders

The ability to affect the behavior, decision-making, or thinking of those in positions of authority or leadership.

Mission And Vision

Statements that outline an organization's purpose, goals, and the future state it strives to achieve.

Leadership Strength

Refers to the capacity of an individual or group to guide, influence, or direct others in a way that achieves set goals and enhances group cohesion.