Which of the following actions would the Angst organization have taken during the strategy formulation phase?

Angst organization just completed its strategic planning process successfully.

Which of the following actions would the Angst organization have taken during the strategy formulation phase?
A . Preparing budgets for forecasted projects
B . Conducting feedback focus groups
C . Creating an effective organizational structure
D . Deciding on the organization’s mission

View Answer

Answer: D

Explanation:

While all of these actions play a role in strategic planning, they do not all take place during strategy formulation, which is the first phase of the strategic planning process. This phase of the process is dedicated to the development of a mission statement, vision, and values, which guide the rest of the strategic planning process and the activities to come. The remaining activities take place in the development, implementation, and evaluation phases. Strategy Planning Process includes;

Strategy Formulation (gather and analyze internal/external info-development of mission, vision and values)

Strategy Development (of strategic goals, and tactics-strategic plan)

Strategy Implementation (of tactics, action plan-process of strategic management)

Strategy Evaluation (of results, both continually & at designated intervals)