The program formulation step in the business strategic planning process precedes:

	implementation
	goal formulation
	assignment of resources
	SWOT analysis
	strategy formulation

Question 3 (1 point)

The business strategic planning process requires a feedback and control step because:

	clear strategies and solid supporting programs are worthless without the support of top management
	the firm's strategic fit with its environment will change
	internal stakeholders accept and expect evaluation
	time horizons for strategies tend to be very short
	the firm's mission statement is too broad to be treated as a corporate directive