In Order, the Steps of the Strategic-Management Process Are

question 41

Multiple Choice

In order, the steps of the strategic-management process are

• A) establish the mission and vision statements, assess the current reality, conduct a trend analysis, and maintain the feedback loop.
• B) establish the mission statement, maintain strategic control, formulate the grand strategy, and implement the strategy.
• C) establish the mission, vision, and values statements; assess the current reality; formulate the grand strategy; implement the strategy; and maintain strategic control.
• D) establish the vision and values statements, develop a mission statement, formulate the grand strategy, implement the strategy, and maintain the feedback loop.
• E) determine the strategy; carry out the strategic plans; and establish the mission, vision, and values statements.

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Definitions:

Derivatives Market

A market where financial instruments derived from other assets are bought and sold.

Stock Exchanges

Marketplaces where stocks and other securities are bought and sold, functioning as a platform for companies to raise capital and for investors to trade.

NASDAQ

An international e-marketplace dedicated to the buying and selling of securities, which also acts as the benchmark for U.S. tech stocks.

NYSE

New York Stock Exchange; a leading global stock exchange where shares of public companies are bought and sold.