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) evaluate results
D) conduct internal analysis
E) conduct external analysis

Question

Quizplus · Accepted Answer

Conducting External Analysis is the step where managers try to find out what the competition is doing and what pending legislation might affect the organization. This involves assessing the industry, analyzing competitors, identifying opportunities and threats, and evaluating the external environment.

At Which Step of the Strategic Management Process Do Managers