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CA Intermediate · Financial Management and Strategic Management · Strategy Implementation and Evaluation

Vistara Pharma Ltd. has decided to enter a new export market. Its top management first wants to ensure that the firm's activities, resources and people are organised so that the chosen strategy can be carried out. In the strategy implementation process, which activity is this?

Organising structure and allocating resources to support the chosen strategy is a core activity of strategy implementation. It turns plans into action by aligning people, systems and funds. Mission setting and environmental scanning belong to formulation, and measuring deviations belongs to evaluation and control.

  1. ASetting up the organisational structure and allocating resources to support the strategyCorrect
  2. BFormulating the mission statement of the firm
  3. CMeasuring deviations of actual results from standards after the year ends
  4. DScanning the external environment for opportunities and threats

Explanation

Strategy implementation converts the chosen strategy into action by building a supportive structure, allocating resources, and aligning systems and people. Mission formulation and environmental scanning belong to the formulation stage, while measuring deviations is part of strategic evaluation and control.

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