Strategy formulation or strategic planning begins with a(n) ________,which is the process of finding a strategic fit between external opportunities and internal strengths while working around external threats and internal weaknesses.
A) environmental analysis.
B) position analysis.
C) strategic evaluation.
D) objective analysis.
E) situation analysis.

Question

Quizplus · Accepted Answer

Situation analysis involves analyzing both the internal and external factors that affect an organization, including opportunities and threats in the external environment and strengths and weaknesses in the internal environment. This analysis serves as the foundation for the development of strategic plans and the formulation of strategies to achieve organizational goals.

Strategy Formulation or Strategic Planning Begins with A(n) ________,Which Is