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
D Strategy estimation

Correct Answer: Strategy implementation

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.
Bissoy MCQ
#Management #Strategic Management

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