Final answer:
The correct answer is Planning. Organizing, controlling, and budgeting are all involved in strategy execution.
Step-by-step explanation:
The correct answer is 1) Planning
In strategy execution, planning is the initial step where goals and objectives are defined, and the appropriate strategies are formulated to achieve them. However, organizing, controlling, and budgeting are all essential activities in strategy execution.
Organizing involves determining the tasks, roles, and responsibilities of individuals or teams in order to carry out the planned strategies. Controlling involves monitoring the progress of the execution, evaluating performance, and making necessary adjustments. Budgeting involves allocating and managing financial resources to support the execution of the strategies.