Analysis of an organization's current situation followed by the development of strategies to accomplish its mission and achieve its goals is known as:
A)planning
B)strategy formulation
C)SWOT analysis
D)applying the Five Forces model
E)strategizing

Question

Quizplus · Accepted Answer

Strategy formulation involves analyzing an organization's current situation and developing strategies to achieve its mission and goals.

Analysis of an Organization's Current Situation Followed by the Development