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CS Professional · Strategic Management and Corporate Finance · Introduction to Strategic Management

Arjun Pharma Ltd. is reviewing its strategy. Which of the following activities belongs to strategy implementation rather than strategy formulation?

Redesigning the structure and allocating budgets to support the chosen growth strategy is implementation. Implementation puts a decided strategy into action through structure, resources and systems. Analysing competitors, choosing among strategic alternatives and revising the mission all occur earlier, during analysis and formulation.

  1. ARedesigning the organisation structure and allocating budgets to support the chosen growth strategyCorrect
  2. BAssessing competitors' pricing and regulatory changes
  3. CChoosing between market penetration and diversification
  4. DRevising the mission statement after a board retreat

Explanation

Implementation converts the chosen strategy into action by aligning structure, resources, systems and leadership. Assessing competitors is scanning, choosing between growth options and revising the mission are formulation activities. The structure and budget alignment is the only implementation activity here.

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