In which step of the strategy formulation process would a SWOT analysis take place?
A) Matching the organization and its environment
B) Analyzing the organization and the environment
C) Developing tactical and operations plans
D) Setting strategic goals
E) Contingency planning and crisis management

Question

Quizplus · Accepted Answer

A SWOT analysis is typically conducted in the second step of the strategy formulation process, which involves analyzing both the organization and its external environment. This analysis helps to identify the organization's strengths, weaknesses, opportunities, and threats, which can then be used to inform the development of strategic goals and plans.

In Which Step of the Strategy Formulation Process Would a SWOT