At which step of the strategic management process do managers try to find out what the competition is doing and what pending legislation might affect the organization?
A)identify current mission,objectives,and strategies
B)formulate strategies
C)conduct market analysis
D)conduct external analysis

Question

Quizplus · Accepted Answer

Conducting external analysis involves scanning the external environment for opportunities and threats. This includes analyzing the competition and identifying any potential legislative changes that may affect the organization.

At Which Step of the Strategic Management Process Do Managers