Question

Which would be an example of something that is not a necessary step in the strategy formulation phase of strategic planning?

1) Formulating and identifying the organization's vision, mission, and principles.
2) Creating a SWOT analysis for your organization.
3) Translating high-level strategic objectives and measures to a smaller scale for operating units and individuals.
4) Establishing objectives and related performance measures

Answer 1

The necessary step in the strategy formulation phase of strategic planning is translating high-level strategic objectives and measures to a smaller scale for operating units and individuals.

Step-by-step explanation:

To determine which would not be a necessary step in the strategy formulation phase of strategic planning, we need to evaluate each option. Option 1 - Formulating and identifying the organization's vision, mission, and principles - is a necessary step as it provides a clear direction for the organization. Option 2 - Creating a SWOT analysis - is also essential as it helps identify the organization's strengths, weaknesses, opportunities, and threats. Option 3 - Translating high-level strategic objectives and measures to a smaller scale for operating units and individuals - is part of the implementation phase rather than the strategy formulation phase. Therefore, option 3 is the correct answer.