Which of the following is the first step Mr. Smith should complete when developing No Leaks Plumbing's strategic plan?
A) Situation analysis
B) Strategy formulation
C) Strategy implementation
D) Strategy evaluation
E) Strategy reformulation

Question

Quizplus · Accepted Answer

The first step in developing a strategic plan is conducting a situation analysis to understand the internal and external factors impacting the business. This will help Mr. Smith identify the opportunities and challenges facing No Leaks Plumbing and develop a strategy to address them.

Which of the Following Is the First Step Mr