WHICH STAGE IN THE STRATEGIC-MANAGEMENT PROCESS IS MOST DIFFICULT

120) - TEST BANK FOR STRATEGIC MANAGEMENT A COMPETITIVE ADVANTAGE APPROACH 14TH EDITION BY DAVID
TEST BANK FOR STRATEGIC MANAGEMENT A COMPETITIVE ADVANTAGE APPROACH 14TH EDITION BY DAVID
120) Which stage in the strategic-management process is most difficult? Explain why.Answer: Strategy implementation is the most difficult stage in the strategic-management processbecause it requires personal discipline, commitment and sacrifice. Successful strategy implementation hinges upon managers' ability to motivate employees, which is more of an art than a science.Diff: 2 Page Ref: 6Objective: 1.04 Describe the nature of strategy formulation, implementation, and evaluation activities.Learning Outcome: Define strategic management and identify its basic concepts