Final answer:
The statement that the traditional approach to strategic control relies on a feedback loop from performance measurement to strategy formulation is true. This process helps organizations adjust strategies based on performance outcomes to achieve goals.
Step-by-step explanation:
The traditional approach to strategic control does indeed rely on a feedback loop from performance measurement to strategy formulation. This is true. In traditional strategic control, organizations measure performance outcomes and use this information to assess whether strategies are effectively progressing towards organizational goals. This feedback can then lead to adjustments in strategy formulation and implementation to better align with the desired outcomes. This process allows organizations to remain flexible and responsive to changes in their internal and external environments.