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CMA Intermediate · Operations Management and Strategic Management · Introduction to Strategic Management

Which statement best describes strategy evaluation and control within the strategic management process?

Strategy evaluation and control compares actual results with strategic targets and takes corrective action, possibly revising the strategy, when deviations appear. It is a continuing activity after implementation, not a one-time step before formulation and not merely financial statement preparation.

  1. AIt compares actual performance with strategic targets and triggers corrective action or revision of strategyCorrect
  2. BIt is done only once, before the strategy is formulated
  3. CIt deals solely with preparing the annual financial statements
  4. DIt involves setting the mission statement of the firm

Explanation

Evaluation and control measure performance against standards, find deviations and take corrective action, which may involve changing the strategy itself. It is ongoing and follows implementation, not a one-time pre-formulation step.

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