Question

Which phase of strategic management is called the action phase?

A) Strategy formulation
B) Strategy implementation
C) Strategy evaluation
D) Competing advantages
E) Measuring performance

Answer 1

The "action phase" of strategic management is Strategy implementation, which is when plans are acted upon to achieve organizational goals and competitiveness.

Step-by-step explanation:

The phase of strategic management often referred to as the "action phase" is B) Strategy implementation. This phase follows the strategy formulation, where a company's management outlines the approaches it will take to achieve its objectives. Once strategies have been formulated, they must be put into action, which is what the strategy implementation phase is all about. It involves allocating resources, structuring the organization in a way that complements the strategies, and managing the various processes to ensure successful execution.

Strategy implementation is a critical phase as it is when plans are executed and organizational goals are translated into reality. The effectiveness of strategy implementation can determine a company's competitiveness and its ability to adapt to changes in the business environment.