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Question 3 (strategic management) Define the strategy. (a) How is strategy formulation process referred to sometimes? (b) What are...

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General Management

Question 3 (strategic management)

Define the strategy.

(a) How is strategy formulation process referred tosometimes?

(b) What are the steps of strategic management?

Answer & Explanation Solved by verified expert
4.2 Ratings (765 Votes)
Strategy is a move that administrators make to achieve at least one of the associations objectives Strategy can likewise be characterized as A general heading set for the organization and its different parts to accomplish an ideal state later on Strategy results from the point by point vital arranging process A Strategy is tied in with coordinating hierarchical exercises and using and distributing the rare assets inside the authoritative condition in order to meet the current destinations a Strategy formulation is the procedure by which an association picks the most fitting approaches to accomplish its characterized objectives This procedure is basic to an associations prosperity since it gives a system to the activities that will prompt the foreseen outcomes This    See Answer
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