Strategy analysis is the starting point of the strategic management process and consists of the
A) analysis only of the vision, mission, and objectives of the firm.
B) analysis of the relevant internal and external environmental factors only.
C) analysis of relevant competitors only.
D) matching of vision, mission, and objectives with the relevant internal and external environmental factors.

Question

Quizplus · Accepted Answer

Strategy analysis may be looked upon as the starting point of the strategic management process. It consists of the advance work that must be done in order to effectively formulate and implement strategies. Many strategies fail because managers may want to formulate and implement strategies without a careful analysis of the overarching goals of the organization and without a thorough analysis of its external and internal environments.

Strategy Analysis Is the Starting Point of the Strategic Management