Which Phase of Strategic Management Includes the Assessment of How

question 27

Multiple Choice

Which phase of strategic management includes the assessment of how far the organization has achieved their goals?

• A) Strategic analysis
• B) Strategy formulation
• C) Strategy implementation
• D) Strategic control/evaluation

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Definitions:

Strategic Planning

The process of defining a business's direction and making decisions on allocating its resources to pursue this strategy, including its capital and people.

Performance Intention

The determination or resolve of an individual or organization to achieve specific performance outcomes or goals.

Entrepreneurial Behavior

Actions and attitudes characteristic of entrepreneurs, such as innovation, risk-taking, and proactiveness, in pursuing new business ventures.

Profit

The financial gain made in a transaction or operation, calculated as the difference between revenue and costs.