Question

Strategy formulation and implementation is a challenging ongoing process. to be effective, it should involve


a. the ceo and the board of directors.


b. the board of directors, ceo, and cfo.


c. line and staff managers.


d. all of these.

Answer 1

The answer is :

D) WHICH IS -

All of above

Answer 2

Strategy formulation and implementation is a challenging ongoing process. To be effective, it should involve all of these, the CEO and the board of directors, the CFO, and line and staff managers.

• Planning and decision-making that go into creating an organization's strategic goals and plans are included in strategy formulation.
• All the methods necessary to carry out the strategic plans are included in strategy implementation.
• A mission statement, a vision statement, short-term and long-term strategies, budgeting and resource allocation, implementation, and review plans are all included.
• To be effective, it should involve all of these, the CEO and the board of directors, the CFO, and line and staff managers.

#SPJ 3