Identifying and evaluating key social,political,economic,technological and competitive trends and events are the main components of
A)formulating strategy.
B)conducting an internal audit.
C)implementing strategy.
D)performing an external audit.
E)developing an effective mission statement.

Question

Quizplus · Accepted Answer

Identifying and evaluating key social, political, economic, technological and competitive trends and events are part of performing an external audit, which is one of the main components of conducting a strategic analysis. It is important to assess the external environment in order to identify opportunities and threats that may impact the organization's strategy.

Identifying and Evaluating Key Social,political,economic,technological and Competitive Trends and Events