All of the following are components of strategy formulation EXCEPT ________.
A.
setting policy guidelines
B.
defining the competitive advantages of the business strategy
C.
monitoring performance results
D.
crafting the corporate mission
E.
specifying specific objectives
Expert Answer
Answer C : Monitoring Performance Results is not the components of the startegy formulation. The Monitoring Performance Results is the component, which will be applicabe later for evaluating the staregy’s result as per expectation. But it is not the component of strategy formulation, because it does not provide any input for the startegy formulation.
The startegy formulation is carried out based on the
Vision and mission inputs
Business goal and objective inputs
Business Policies
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