Question

The culmination of the strategic management process is:

1) performance
2) strategy implementation
3) strategy formulation
4) analysis

Answer 1

The culmination of the strategic management process is strategy implementation, which involves enacting a conceived strategy and is followed by evaluation to assess its effectiveness.

Step-by-step explanation:

The culmination of the strategic management process most closely aligns with strategy implementation. This process as outlined by various examples includes the stages of strategy, solution, and significance. The implementation phase is critical as it is where a conceived strategy is enacted and operationalized within an organization or for a policy. In the context of policy, it follows after the policy has been enacted and serves to put into action the steps necessary to achieve the intended outcomes. Furthermore, the phase of evaluation which typically follows implementation is used to assess the effectiveness and impact of the strategy or policy in practice, providing feedback into the process for future improvement.