Strategic Management Model and Formulation Decisions Quiz
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Questions and Answers

What is the primary focus of strategy formulation in the strategic management model?

  • Identifying external opportunities and threats (correct)
  • Reviewing current strategies
  • Setting annual objectives
  • Measuring performance

    • Which of the following is NOT a decision made during the strategic formulation stage?

  • Determining internal strengths and weaknesses
  • Choosing strategies to pursue
  • Deciding whether to enter international markets
  • Establishing annual objectives (correct)

    • What is the key activity involved in strategy implementation in the strategic management model?

  • Motivating employees (correct)
  • Determining internal strengths and weaknesses
  • Generating alternative strategies
  • Reviewing external and internal factors

    • Which of the following is a fundamental activity in strategy evaluation?

    <p>Reviewing external and internal factors for future strategies</p> Signup and view all the answers

    What does strategy evaluation involve?

    <p>Determining which strategies are not working well</p> Signup and view all the answers

    Which stage of strategic management involves the establishment of long-term objectives?

    <p>Strategic formulation</p> Signup and view all the answers

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