Questions and Answers
What is the primary focus of strategy formulation in the strategic management model?
Identifying external opportunities and threats
Which of the following is NOT a decision made during the strategic formulation stage?
Establishing annual objectives
What is the key activity involved in strategy implementation in the strategic management model?
Motivating employees
Which of the following is a fundamental activity in strategy evaluation?
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What does strategy evaluation involve?
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Which stage of strategic management involves the establishment of long-term objectives?
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