Which of the following steps in the formal planning process involves studying past events, examining current conditions, and forecasting future trends?
A) Analyzing the situation
B) Generating alternative goals and plans
C) Evaluating goals and plans
D) Selecting goals and plans
E) Monitoring and controlling performance

Question

Quizplus · Accepted Answer

Analyzing the situation involves studying past events, examining current conditions, and forecasting future trends in order to understand the context in which the organization is operating and identify opportunities and threats. This is the first step in the formal planning process, and helps to inform the development of goals and plans.

Which of the Following Steps in the Formal Planning Process