Which of the following describes the correct order of actions to follow when developing a strategy?
A) Agree on values, mission and vision; conduct a SWOT analysis; perform a gap analysis; implement the strategy
B) Perform a gap analysis; agree on values, mission and vision; conduct a SWOT analysis; implement the strategy
C) Agree on values, mission and vision; perform a gap analysis; conduct a SWOT analysis; implement the strategy
D) Agree on values, mission and vision; implement the strategy; perform a gap analysis; conduct a SWOT analysis
E) Implement the strategy; agree on values, mission and vision; conduct a SWOT analysis; perform a gap analysis

Question

Quizplus · Accepted Answer

The correct order for developing a strategy starts with agreeing on the organization's values, mission, and vision to set a clear direction. Next, conducting a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) helps understand the internal and external environment. Performing a gap analysis identifies the difference between the current state and the desired future state. Finally, implementing the strategy puts the plan into action. This sequence ensures a comprehensive approach to strategic planning.

Which of the Following Describes the Correct Order of Actions