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

1) Integral parts of the managerial process of crafting and executing strategy include

1. A) developing a strategic vision, strategic management, and crafting a strategy.
2. B) developing a proven business model, deciding on the companys strategic intent, and crafting a strategy.
3. C) strategic management, crafting a strategy, implementing and executing the chosen 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 purpose, strategic management, choosing what business approaches to employ, selecting a business model, and monitoring developments.
5. E) deciding on the companys strategic intent, setting financial objectives, crafting a strategy, and choosing what business approaches and operating practices to employ.