Which of the Following Is the First Step in the Process

question 54

Multiple Choice

Which of the following is the first step in the process of strategic management?

• A) Strategic analysis
• B) Strategy formulation
• C) Strategy implementation
• D) Strategic marketing
• E) Strategic outsourcing

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Definitions:

Employing Facts

Entails using verified information and data to support decision-making, arguments, or processes.

Evidence-Based Management

Evidence-Based Management is the commitment to making managerial decisions based on the best available scientific evidence, integrating practical experience with rigorous analysis to achieve optimal outcomes.

Constructively Question

The act of inquiring or probing in a manner that aims to build understanding, encourage deep thinking, and foster improvement.

Big Idea

A significant or revolutionary concept that forms the foundation of a project, strategy, or campaign.