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Questions and Answers
What is the primary focus of strategy formulation in the strategic management model?
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?
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?
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?
Which of the following is a fundamental activity in strategy evaluation?
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What does strategy evaluation involve?
What does strategy evaluation involve?
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Which stage of strategic management involves the establishment of long-term objectives?
Which stage of strategic management involves the establishment of long-term objectives?
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