Question

Which phase of strategic management is called the action phase?

Answer 1

Ans. is - Strategy Implementation

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Answer 2

The strategy implementation phase of strategic management is called the action phase

Explanation:

• The  success of of any business depends on the the successful implementation of the strategies. The business organisation work on strategies and implementing them for achieving the objectives of an organization.
• Strategy management consists of various stages starting from identifying a plan, working on the plan, formulating a budget, creating the strategies and thereafter implementing the strategies. Once the strategy is implemented it is important to analyse and evaluate the results. If any changes are needed they are aligned into the system
• The implementation phase involves the execution of the plan and putting them through actions. Once the strategy is implemented it is important to take feedback on the process. it helps to analyse the situation and work at better innovations.

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