What Does Strategy Formulation Involve?

1.	What Does Strategy Formulation Involve?
Answer» STRATEGY formulation involves doing a situation analysis: both internal and external; both micro-environmental and macro-environmental, setting the OBJECTIVES by crafting vision statements, MISSION statements, overall corporate objectives, strategic business unit objectives and tactical objectives that suggest the strategic plan. Strategy formulation involves doing a situation analysis: both internal and external; both micro-environmental and macro-environmental, setting the objectives by crafting vision statements, mission statements, overall corporate objectives, strategic business unit objectives and tactical objectives that suggest the strategic plan.

Answer»

STRATEGY formulation involves doing a situation analysis: both internal and external; both micro-environmental and macro-environmental, setting the OBJECTIVES by crafting vision statements, MISSION statements, overall corporate objectives, strategic business unit objectives and tactical objectives that suggest the strategic plan.

Strategy formulation involves doing a situation analysis: both internal and external; both micro-environmental and macro-environmental, setting the objectives by crafting vision statements, mission statements, overall corporate objectives, strategic business unit objectives and tactical objectives that suggest the strategic plan.

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