In the Strategic Planning Process, the Next Steps After a Firm

question 19

True/False

In the strategic planning process, the next steps after a firm defines its goals are to assess its internal resources and analyze internal arrangements.

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Definitions:

Entrepreneurial Mindset

A set of attitudes, skills, and behaviors that individuals possess, which drives them to innovate, create, and seek opportunities for growth or problem-solving in business contexts.

Family Enterprise

A business organization in which decision-making and ownership are influenced by multiple generations of a family.

Certified

Official recognition that an individual, product, or organization meets the standards established by a regulatory or accrediting agency.

Benefit Corporation

A type of business structure that aims to create general public benefit in addition to generating profit for shareholders.