Which of the following is the last step in the strategy formulation process and requires comparing threats and opportunities against strengths and weaknesses?
A) Organizational analysis
B) Matching the organization and its environment
C) Analyzing the organization and the environment
D) Setting strategic goals and mission statements
E) Conducting an analysis using SWOT techniques

Question

Quizplus · Accepted Answer

Matching the organization and its environment is the last step in the strategy formulation process, where threats and opportunities are compared against strengths and weaknesses. This step helps in developing a strategic fit between the organization and its environment. The other options are steps in the strategy formulation process, but not the final step. Organizational analysis is the first step where the internal factors of an organization are analyzed. Analyzing the organization and environment is a step where external factors are analyzed. Setting strategic goals and mission statements is also a step in the strategy formulation process, but it is not the last step. Conducting a SWOT analysis technique is a step in the strategy formulation process, but it is not the final step.

Which of the Following Is the Last Step in the Strategy