The correct answer is c. Although there is some iteration in the strategy formation process, what is NEVER true is that Vision follows Actions.
The process of formulating a strategy involves using the knowledge already at hand to record the anticipated course of a firm and the practical procedures to achieve its objectives. This procedure is used to allocate resources, set priorities, align the entire organization, and validate business objectives. There are actually six primary steps in the process of formulating a plan. The establishment of the organization's long-term goals is a crucial part of any strategy statement. It is well recognized that strategy typically serves as a vehicle for achieving organizational goals. The next phase is to assess the organization's operating environment's overall industrial and economic conditions. For certain of its goals, an organization must practically fix the quantitative target values. Next, set your goals in relation to your division's plans, performance analysis, and strategy selection.
Although there is some iteration in the strategy formation process, what is NEVER true is that _______________.
a) Actions inform the setting of objectives
b) Mission precedes Objectives
c) Vision follows Actions
d) Strategy precedes Actions
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