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Management · Q340

Strategic Management

Graduate and Post Graduate · Management · question 340

Q340

The three stages of strategic management are

A.
strategy formulation, strategy implementation, and strategy execution
B.
strategy formulation, strategy execution, and strategy assessment
C.
strategy formulation, strategy implementation, and strategy evaluation
Answer
D.
stratify assessment, strategy execution, and strategy evaluation

Answer: Option C

Solution

Answer: Option C
Solution:
The three stages of strategic management are strategy formulation, strategy implementation, and strategy evaluation. Strategy formulation is the process of establishing the organization's mission, objectives, and choosing among alternative strategies.