Who needs to be involved in formulating organizational strategy?

Formulating organizational strategy typically involves key stakeholders, including top executives, such as the CEO and senior management, who provide vision and direction. Additionally, input from middle management is crucial, as they understand operational challenges and customer needs. Engaging employees at various levels can also foster buy-in and diverse perspectives, while external stakeholders, such as customers, suppliers, and industry experts, can offer valuable insights into market trends and competitive positioning.