The final part of the strategy-formulation process is choosing: a. functional-level strategies. b. functional-level goals. c. business-level strategies. d. corporate-level strategies. e. business-level goals.
The six steps in the strategy formulation process are:
Setting organizations’ objectives
Evaluating the organizational environment
Setting quantitative targets
Aiming in context with the divisional plans
Performance analysis
Choose your strategy: As the final step in the process, you should be able to decide the course of action that you want your company to follow, considering the company's strengths, potential, limitations and objectives. You should also pay attention external opportunities and how they can help your company grow and expand.
