Strategy formulation is an essential component of which feature in the POLC framework?Question 10Select one:a.Planningb.Organizingc.Leadingd.Controlling

Answer

Strategy formulation is an essential component of the Planning feature in the POLC framework. The POLC framework stands for Planning, Organizing, Leading, and Controlling, which are the four primary functions of management.

1. Planning involves setting objectives and determining a course of action for achieving those objectives, which includes formulating strategies.
2. Organizing focuses on arranging resources and tasks to achieve the objectives set during the planning phase.
3. Leading relates to motivating and directing employees towards achieving the organizational goals.
4. Controlling involves monitoring progress and making adjustments to ensure that goals are met efficiently.

In summary, strategy formulation ties directly to the Planning phase, as it lays the groundwork for how an organization will achieve its goals. Thus, the correct answer is:

a. Planning.