What Is the First Step in the Strategic Management Process

question 29

Multiple Choice

What is the first step in the strategic management process?

• A) performing internal audits
• B) defining the current business
• C) translating the mission into strategic goals
• D) implementing a long-term strategy

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Definitions:

Stereotype

Oversimplified, generalized ideas or beliefs about a particular group of people, ignoring individual diversity.

Audition Process

A formal process where performers try out for roles in various types of performances, such as plays, movies, or musicals, by demonstrating their talent.

Formal Reasoning

The process of thinking logically and systematically, often using strict rules and procedures.

Empirical Evidence

Information acquired by observation or experimentation that is used to confirm or disprove a hypothesis or theory.