At Which Step of the Strategic Management Process Do Managers

question 46

Multiple Choice

At which step of the strategic management process do managers identify opportunities and threats?

• A)internal objectives
• B)formulate strategies
• C)external analysis
• D)evaluate results

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Definitions:

Subjective Approach

A method or perspective based on personal opinions, feelings, and preferences rather than objective facts or data.

Judgmental Nature

The tendency to make decisions or form opinions based on personal biases, assessments, and evaluations rather than objective evidence.

Employment Tests

Assessments used by employers to evaluate the skills, abilities, and fit of potential and current employees for particular roles.

Validated

A process where a test or procedure has been confirmed through research or experience to effectively measure what it claims to measure.