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2. What is the key goal of the matching stage of strategy​ formulation? A. Tracing champion...

2. What is the key goal of the matching stage of strategy​ formulation?

A. Tracing champion ideas to potential strategies

B. Connecting organizational data to competitor data

C. Linking internal and external factors

D. Linking historical data with future goals

E. Connecting good strategies to good organizations

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Answer #1

The correct answer is option C.

Strategy formulation is nothing but the process of taking decisions on actions for accomplishing the objectives and goals of the organization. The managers formulate corporate-level strategies, business-level strategies and functional-level strategies that help the organization to function properly and take appropriate actions to meet the organizational goal. Thus, this is an important component of an organization.

The stage 2 of strategy formulation is called matching stage where feasible alternative strategies are generated by aligning the external and internal factors.

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