___ is the process of crafting strategies to guide the allocation of resources.

A) Strategic analysis
B) Strategy formulation
C) Strategy implementation
D) Strategic crafting
E) Strategic outsourcing

Strategy Formulation

The process of creating strategies to achieve organizational goals, typically involving analysis, planning, and decision-making.

Strategic Crafting

The deliberate planning and adjustment of strategies to better align with the changing business environment, ensuring an organization remains competitive and effective.

Strategic Outsourcing

The process of contracting out specific business functions or processes to a specialized external service provider in order to improve efficiency, reduce costs, or focus on core competencies.