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)strategizing
B)applying the Five Forces model
C)SWOT analysis
D)strategy formulation
E)planning

Question

Quizplus · Accepted Answer

Strategy formulation involves analyzing the current status of an organization, identifying its goals and objectives, and developing strategies to achieve those goals. SWOT analysis is a part of the strategy formulation process, but strategizing, applying the Five Forces model, and planning are broader terms that may encompass other activities besides developing strategies. Therefore, D is the most appropriate choice for this question.

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