In the Context of the Strategic Planning Process of an Organization

question 129

Multiple Choice

In the context of the strategic planning process of an organization, the underlying aim of developing strategies is to:

• A) gather information about the organization's external opportunities and threats.
• B) create a significant advantage for the organization versus the competition.
• C) analyze the internal strengths and weaknesses of the organization.
• D) establish a set of effective strategic goals for the organization.

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Definitions:

Statutes

Laws established by a legislative body to regulate, authorize, sanction, grant, declare, or restrict.

Ethical Decisions

Choices made based on moral principles and values, considering what is right and fair for all involved parties.

Entrepreneurs

Individuals who initiate, manage, and accept the risks of a business venture in order to make a profit.

Ethical Decisions

Ethical decisions are choices made based on moral principles and values, aimed at doing what is right and beneficial for the majority, often involving considerations of fairness, justice, and respect for others.