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:

Right Decisions

Choices or judgments that lead to the most positive outcome based on ethical, practical, or personal considerations.

Informal Child Care

Child care that is provided by relatives, friends, or neighbors, not through formal settings such as daycare centers or professional caregivers.

Home Child Care

Child care provided in the child’s own home, primarily by a grandmother or other family member, while the parents are at work.

Family Child Care

Child care provided in the home of a relative or someone else.