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Management · Q30

Strategic Management

Graduate and Post Graduate · Management · question 30

Q30

Which of the following requires a firm to establish annual objectives, devise, policies, motivates employees and allocate resources for the execution of strategies?

A.
Strategy formulation
B.
Strategy evaluation
C.
Strategy implementation
Answer
D.
Strategy estimation

Answer: Option C

Solution

Answer: Option C
Solution:
Strategy implementation requires a firm to establish annual objectives, devise, policies, motivates employees and allocate resources for the execution of strategies. Strategic implementation is a process that puts plans and strategies into action to reach desired goals. The strategic plan itself is a written document that details the steps and processes needed to reach plan goals, and includes feedback and progress reports to ensure that the plan is on track.