Question

the executives of great lakes medical center are writing a statement that explains their organization’s core purpose. great lakes medical center is at the strategic formulation step in strategic management.

Answer 1

Your organization's core purpose statement is a step of Strategic Objectives and Analysis. So the statement presented is False

Strategic management is a term to refers to the process of building a company. In it, all the necessary aspects such as objectives, the public, the market, the mission, among others, are analyzed. This process is generally divided into several steps. Each of the steps is explained below:

• Strategic objectives and analysis: In this stage, all the external and internal analysis of the company is carried out to establish its principles.
• Strategic formulation: In this stage, the goals and objectives of the company are established based on the analysis of the previous stage.
• Strategic implementation: In this stage, everything that was planned in the previous stages begins.
• Evaluation and Strategic Control: In this stage, the operation and planning are evaluated and corrections are proposed to improve the weak aspects of the company

According to the above, Great Lakes Medical Center executives who are writing a document to explain the central purpose of their organization are in the Strategic Objectives and Analysis stage. So the correct answer is False.

Complete question:

The executives of great lakes medical center are writing a statement that explains their organization’s core purpose. Great lakes medical center is at the strategic formulation step in strategic management.

True

False

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