Which of the Following Describes the Correct Order of Actions

question 16

Multiple Choice

Which of the following describes the correct order of actions to follow when developing a strategy?

• A) Agree on values, mission and vision; conduct a SWOT analysis; perform a gap analysis; implement the strategy
• B) Perform a gap analysis; agree on values, mission and vision; conduct a SWOT analysis; implement the strategy
• C) Agree on values, mission and vision; perform a gap analysis; conduct a SWOT analysis; implement the strategy
• D) Agree on values, mission and vision; implement the strategy; perform a gap analysis; conduct a SWOT analysis
• E) Implement the strategy; agree on values, mission and vision; conduct a SWOT analysis; perform a gap analysis

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Definitions:

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, giving more weight to certain values.

Free Cash Flows

Funds generated by a corporation after subtracting cash spent on operational maintenance and preservation of capital assets.

Agency Relationship

A contractual relationship where one party (the principal) grants authority to another party (the agent) to act on its behalf.

Decision-Making Authority

The power or right allocated to individuals or groups to make decisions within an organization.