The first step in strategic planning involves:
A)analyzing the competition.
B)interviewing potential employees.
C)reviewing failed plans from the past in order to improve employee turnover rate.
D)establishing a mission, vision, and values for an organization.

Question

Quizplus · Accepted Answer

The first step in strategic planning is to establish a clear mission, vision, and values for the organization. This sets the foundation for all other decisions and actions in the planning process. Analyzing the competition and reviewing failed plans from the past come later in the process. Interviewing potential employees is not typically a part of strategic planning.

The First Step in Strategic Planning Involves