A Key Component of the Strategic Planning Process Is to Assess

question 20

Multiple Choice

A key component of the strategic planning process is to assess the environment. Place the steps of the assessment process in order:

• A) Identify strengths and weaknesses internal to the organization.
• B) Shape strategies into a strategic plan on which strategic management is based.
• C) Establish priorities for the critical issues so that strategies are based on the priority issues.
• D) Analyze strengths, weaknesses, opportunities, and threats for their impact on the organization.
• E) Analyze internal components for the purpose of drafting a picture of the critical features of the organization.

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Definitions:

Internal Environment

The conditions, factors, and elements within an organization that influence its activities and choices, including culture, values, and internal resources.

Strategic Planning

The process of defining a strategy, or direction, and making decisions on allocating resources to pursue this strategy.

Specific Strategies

Detailed plans designed to achieve targeted objectives within a specific timeframe, often tailored to address certain challenges or opportunities.

Creative Strategy

Creative strategy outlines the direction and approach for achieving a marketing campaign's objectives through compelling and imaginative content and design.