The First Step in the Process of Strategic Planning Is

question 124

Short Answer

The first step in the process of strategic planning is to analyze the company's ________ environment.

---

Definitions:

Insignificant

Lacking in importance, magnitude, or likely impact; trivial.

Parsimonious

Referring to the principle in science and philosophy where the simplest explanation or strategy tends to be the right one.

Replicable

The ability of a study or experiment to be repeated and yield the same results.

Falsifiable

A criterion of the scientific method stating that for a proposition to be considered scientifically valid, it must be possible to conceive an observation that could prove the proposition false.