The First Step in the Six-Step Strategic Management Process Is

question 107

Multiple Choice

The first step in the six-step strategic management process is to _________.

• A)analyse the organisation's strengths and weaknesses
• B)identify the organisation's mission, goals and strategies
• C)identify strategies to reach the organisation's goals
• D)implement strategies

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Definitions:

Internal Rate

Often refers to the internal rate of return (IRR), which is a metric used to evaluate the profitability of potential investments.

Minimum Required

The least amount or level needed for a specific purpose, such as the minimum required investment or stock balance.

Net Present Value

The difference between the present value of an investment project’s cash inflows and the present value of its cash outflows.

Discount Rate

The interest rate used to discount future cash flows to present value, often reflecting the cost of capital or risk level.