Which of the Following Is the First Step of the Planning

question 64

Multiple Choice

Which of the following is the first step of the planning phase of a strategic management process?

• A)assessment of the external environment that the firm will face in the future
• B)establishment of the company's mission
• C)analysis of the firm's relative capabilities to deal successfully with the external environment
• D)seeking alternative strategies using competitive analysis

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Definitions:

Approach to Time

The manner in which individuals or cultures perceive and manage time, often varying between seeing it as a linear progression or a more fluid concept.

Edward Hall

An anthropologist known for his work in the fields of cross-cultural communication and spatial dynamics, particularly the concept of proxemics.

Non-English-Speaking

Referring to individuals or communities that do not use English as their primary language.

Common Language

A language widely used among people of diverse backgrounds to communicate effectively.