This article is Part 2 of a series, “The Strategy Formation Process.” Part 1 is here. Strategy formation is a vital tool in dealing with disruptive change, and in Part 1, we suggested you can ...

Companies must begin the strategy formation process by thinking more broadly about their market and customer. Myopic companies are increasingly vulnerable due to the increasing pace of innovation ...

Marketing strategy formulation is the process of defining an organization's marketing goals and objectives, explains Management Study Guide. This allows formulators to create a guide and then ...

To create a fair strategy-formulation process: 1) Involve people in the strategic decisions that affect them, by asking for their input. 2) Explain why final strategic decisions were made.

As CEO of CompassPoint Nonprofit Services, which provides management advice to charities, I spend a large portion of every day thinking, in one form or another, about strategy. Over the past three ...

Strategies are shaped by the processes that produce them. If designed well, a strategy formulation process enables decisionmakers to evaluate the political, security, and budgetary environments, ...

McDonald and the Service Brands leadership team began the strategic planning process at the brand level for a couple of reasons. First, the company’s brands are its public face, its customer interface ...

Prescriptive and descriptive strategic management differ in the formulation of strategy. In a company that uses a prescriptive style, managers focus on the strategy formulation process. They want ...

Strategies are shaped by the processes that produce them. If designed well, a strategy formulation process enables decisionmakers to evaluate the political, security, and budgetary environments, ...