Strategy formulation refers to preparing a well-thought-out working plan, which helps achieve the organization’s goals. Strategy implementation means implementing the formulated working plan. Placement of forces before the action takes …
The strategy formulation process is the correct action in choosing the achievement of organizational objectives and goals. Hence, it is a process of attaining the organizational vision because both goals …
It is a continuous method that evaluates the industries and businesses in which the company is involved. It also helps to evaluate its competitors and adjusts goals. A Strategic management …