1.) It is the basis for determining long-term goals.
2.) It is a time-consuming process.
are two characteristics of strategy formulation
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Strategy development is the process of using available knowledge to document actionable steps to achieve the company's intended direction and goals. This process is used for resource allocation, prioritization, company-wide alignment, and validation of business goals.
or for any particular organization, developing a strategy is not only about doing good things, but also doing good things for the community. In one of the best examples of strategy development and how it shapes a brand's identity, Unilever's Lipton brand has decided to refocus its strategy toward sustainable tea production.
What are two characteristics of strategy formulation? Choose all that apply.
It is the basis for determining long-term goals.
It is a time-consuming process.
It is designed to determine short-term goals.
It is a fast process.
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