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Which of the following requires a firm to establish annual objectives, devise, policies, motivates employees and allocate resources for the execution of strategies?
Answer & Solution
Correct Answer:
Option
C
Strategy implementation requires a firm to establish annual objectives, devise, policies, motivates employees and allocate resources for the execution of strategies. Strategic implementation is a process that puts plans and strategies into action to reach desired goals. The strategic plan itself is a written document that details the steps and processes needed to reach plan goals, and includes feedback and progress reports to ensure that the plan is on track.
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