Mastering Strategic Management
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Questions and Answers

Which step in strategic management involves designing or developing strategies on the business and corporate level?

  • Strategy evaluation
  • Situation analysis
  • Strategy implementation
  • Strategy formulation (correct)
  • provides the information necessary to formulate the company’s vision or mission statement.

  • Strategy Formulation
  • Situation Analysis (correct)
  • Strategy Implementation
  • Strategy Evaluation
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