Question: Match each strategy formulation step on the left with the description and purpose of each step in strategy development on the right. Step 1 -

Match each strategy formulation step on the left with the description and purpose of each step in strategy development on the right.

Step 1 - Understand the Decision Logic of Strategy Development

Step 2 - Understand the Role of Directional Strategies

Step 3 - Understand Adaptive Strategy Alternatives

Step 4 - Understand Market Entry/Exit Strategy Alternatives

Step 5 - Understand Competitive Strategy Alternatives

a.

These strategies determine how the adaptive strategies are carried out.

b.

These are the broadest strategies that set the fundamental direction of the organization.

c.

These strategies determine how an organization positions itself competitively and activates and deploys its competitive advantage.

d.

Provides a hierarchy of strategic thinking building blocks to strategy development

e.

These strategies determine scope of an organization and whether organiation will expand, reduce or maintain its scope.

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