BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In which step do companies match organizational strengths to environmental opportunities?
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Evaluating strategies
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Formulating strategies
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Implementing strategies
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None of the above
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Explanation:
Detailed explanation-1: -The four phases of strategic management are formulation, implementation, evaluation and modification.
Detailed explanation-2: -In conjunction with other planning techniques, the company used the SWOT analysis to leverage its strengths and external opportunities to eliminate threats and strengthen areas where it is weak.
Detailed explanation-3: -A firm’s internal strengths and flaws are identified at the formulation stage-an initial stage of the strategic management process.
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