Question

When companies adopt the strategy-making and strategy execution process it requires they start by

Answer 1

Answer:

The answer is A. developing a strategic vision, mission and values.

Explanation:

When companies formulate strategy, It involves choosing the most appropriate method or course of action that will help in actualizing the companies goals.  

Strategy formulation and execution is important for the achievement of goals of an organisation because it helps to provide a path that the organisation will   follow towards achieving their objectives.

In formulating and executing strategy, the first step to take is to develop a strategic vision, mission and values for the organisation.

The stage of vision , mission and value statement requires the organisation to state clearly why it is existing, what it intends to achieve, how it intends to achieve it, and the various guiding principles that will assist such organisation in achieving it goals and objectives.