At which step of the strategic management process do managers assess their financial capital, technical expertise, employee skills, and marketing capabilities?
A) identify current mission, objectives, and strategies
B) formulate strategies
C) evaluate results
D) internal analysis
E) external analysis

Question

Quizplus · Accepted Answer

Assessing financial capital, technical expertise, employee skills, and marketing capabilities is part of internal analysis, which is the third step of the strategic management process. This step involves evaluating an organization's resources, capabilities, and competencies to identify its strengths and weaknesses. It includes performing a thorough analysis of the internal environment of the organization, such as its management structure, culture, and operational processes.

At Which Step of the Strategic Management Process Do Managers