CA Intermediate · Financial Management and Strategic Management · Strategy Implementation and Evaluation
Vistara Foods Ltd has chosen a new growth strategy. The CEO now wants to translate the chosen strategy into action by setting up structures, allocating resources and aligning systems. In the strategic management process, this stage is best described as:
The stage is strategy implementation. Once a strategy has been chosen, implementation converts it into action by building suitable structures, allocating resources, aligning systems and leading people. Formulation is only the planning and choice stage, while evaluation later checks results against targets.
- AStrategy formulation
- BStrategy implementationCorrect
- CStrategy evaluation
- DEnvironmental scanning
Explanation
Strategy implementation is the action stage in which a chosen strategy is put into practice through structure, resources, systems and leadership. Formulation ends once the choice is made. Evaluation comes afterwards to measure results, and scanning is an analysis activity.
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