Which of the following lists the strategic management process in proper order?
A) Formulate strategy; Evaluate strategy; Perform SWOT analysis; Define new mission/goals; Execute strategy; Control strategy
B) Perform SWOT analysis; Evaluate current mission/goals; Formulate strategy; Execute strategy; Define new mission/goals
C) Evaluate current mission/goals; Define new mission/goals; Formulate strategy; Execute strategy; Perform SWOT analysis
D) Evaluate current mission/goals; Perform SWOT analysis; Define new mission/goals; Formulate strategy; Execute strategy

Question

Quizplus · Accepted Answer

The strategic management process typically starts with evaluating the current mission and goals, followed by performing a SWOT analysis to understand the organization's strengths, weaknesses, opportunities, and threats. Next, new missions and goals are defined based on the insights gained. This leads to the formulation of strategy, which is then executed. This sequence aligns with option D.

Which of the Following Lists the Strategic Management Process in Proper