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The First Step in the Strategic Management Process Is Analyzing

question 51

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The first step in the strategic management process is analyzing the external environment.


Definitions:

Conceptual Framework

An abstract, organized system of concepts that helps to guide research and practices in a particular field.

Research Study

A structured investigation aimed at discovering, interpreting, or revising facts, behaviors, or theories, involving systematic collection and analysis of data.

Data Analysis

The process of systematically applying statistical and logical techniques to describe, summarize, and evaluate data.

Research Design

The framework or strategy planned for a study, outlining how data will be collected, analyzed, and interpreted.

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