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Management · Q347

Strategic Management

Graduate and Post Graduate · Management · question 347

Q347

Conducting research, integrating intuition with analysis, and making decisions are all __________ activities.

A.
strategy-formulation
Answer
B.
strategy-implementation
C.
long-range planning
D.
short-range planning

Answer: Option A

Solution

Answer: Option A
Solution:
Conducting research, integrating intuition with analysis, and making decisions are all strategy-formulation activities. Strategy formulation is the process by which an organization chooses the most. appropriate courses of action to achieve its defined goals. This process is. essential to an organization's success, because it provides a framework for the. actions that will lead to the anticipated results.