Which of the Following Statements Is True About Strategy Formulation

question 30

Multiple Choice

 Which of the following statements is true about strategy formulation?

• A) The strategy development process typically flows in a linear fashion.
• B) Managers should engage in environmental scanning on an ongoing basis.
• C) All aspects of a firm's strategy are more susceptible to frequent changes.
• D) The formulation of strategy is the last step toward achieving profitability.

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Definitions:

Power

The power to shape or control the actions of others or steer the direction of events.

Social Networks

Platforms on the internet where individuals can connect, interact, and share content with others, including sites like Facebook, Twitter, LinkedIn.

Self-Selected Stakeholder

An individual or group that chooses to be involved or have an interest in an organization or project based on personal or professional reasons.

Information

Data that is processed, organized, structured, or presented in a given context to make it meaningful and useful.