Miranda Corp. changes its business strategy from a focused differentiation strategy to a focused cost leadership one, as this new strategy works better for the organization. Which of the following steps in the process of strategic management ideally includes this action?

A) strategy analysis
B) strategy formulation
C) strategy assessment
D) strategy identification
E) strategy outsourcing

Focused Differentiation

A business strategy where a company offers unique products or services to a specific, narrow target market.

Focused Cost Leadership

A strategy that seeks the lowest costs of operations within a special market segment.

Strategy Management

The process of defining the strategy or direction of an organization, and making decisions on allocating resources to pursue this strategy.