Question

Kurt, a manager at LionShare LLC., is responsible for the strategic planning process in his organization. He is currently at the stage of implementing the strategy. Which of the following stages of strategic planning would have Kurt engaged in just before he moved on to implementation?
a.
Stating the organizational mission
b.
Conducting a SWOT analysis
c.
Establishing goals and objectives
d.
Formulating supporting functional strategies

Answer 1

Answer:

D. Formulating supporting functional strategies

Explanation:

Strategic planning refers to the process of setting a blue print which an organisation intends to follow in other to achieve its stated goals and objectives. This process involves stating the organisations mission and vision, establishing goals and objectives, conducting SWOT analysis to identify strength, weakness, opportunity and threat, formulating a workable strategy and then implementing such strategies.

For Kurt to be in  be in the implementing stage, he must have most recently engaged in and  completed the strategy formulation stage which requires considering  the initiatives that will have a large impact on the business and which will improve the business the most, likewise driving the business towards the stated goals and objectives.