Question

The owners of a home security company recently formulated a strategic plan that focuses on using upgraded technology. The next step in their strategic management process is to implement the strategy.

a-True
b-False

Answer 1

After a company formulates its strategic plan, the next step in the strategic management process is indeed to implement that strategy, which is true in the context of a home security company planning to use upgraded technology. Option A is the correct answer.

Step-by-step explanation:

The question revolves around the strategic management process within a business setting, specifically in the context of a home security company looking to leverage upgraded technology as part of its strategic plan.

The statement implies that the next step after formulating the strategic plan, which focuses on new technology, is to implement the strategy. This is indeed true because strategy implementation follows strategy formulation in the strategic management process.

It involves mobilizing employees and resources to put the formulated strategy into action and achieve the organization's goals. Various tasks in this phase may include developing new processes, training staff, and deploying technological upgrades.