The entire process of formulating and implementing strategies to accomplish long-term goals and sustain competitive advantage is referred to as

A) strategic analysis.
B) strategy formulation.
C) strategy implementation.
D) strategic management.
E) strategic outsourcing.

Strategic Management

The process of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives.

Strategy Formulation

The process of developing a plan to achieve organizational goals that involve defining the company’s mission, setting objectives, assessing both internal and external environments, and determining strategic choices.

Strategy Implementation

The process of putting strategies into action.