Select the best answer and indicate (why) you have selected that answer.

2) When companies adopt the strategy-making and strategy-execution process, it requires they start by

1. A) developing a strategic vision, mission, and values.
2. B) developing a proven business model, deciding on the companys top management team, and crafting a strategy.
3. C) strategic management, developing a business model, crafting a strategy, and deciding how much of the companys resources to employ in the pursuit of sustainable competitive advantage.
4. D) coming up with a statement of the companys mission and communicating it to all employees, strategic management, selecting a business model, and monitoring developments and initiating corrective adjustments to the business model when necessary.
5. E) deciding on the companys board of directors, setting financial objectives, crafting a strategy, and choosing what business approaches and operating practices to employ.