Question

Which step in the strategic management process involves establishing a planning/control system?

1) Resource allocation
2) Organizing and aligning resources
3) Establishing a planning/control system
4) Adding motivation to the project

Answer 1

The step in the strategic management process that involves establishing a planning/control system is 2) organizing and aligning resources, where resources are efficiently used and monitored for the strategic plan's success.

Step-by-step explanation:

The step in the strategic management process that involves establishing a planning/control system is organizing and aligning resources. This step ensures that the objectives set out in the strategic plan are operationalized and that a system is in place to monitor progress and make necessary adjustments. It involves creating structures to ensure that resources are used effectively to meet strategic goals and that there is a mechanism for feedback and control. Additionally, resource allocation plays a crucial role in this process as it deals with assigning the necessary resources to the planned activities.