Which step of the strategic management process helps identify an organisation's resources and capabilities?
A)Formulating strategies
B)Doing an internal analysis
C)Evaluating results
D)Identifying the mission

Question

Quizplus · Accepted Answer

Doing an internal analysis is the step of the strategic management process that helps identify an organisation's resources and capabilities. This involves examining the strengths and weaknesses of the organisation's internal environment to determine what resources and capabilities it has that can be leveraged to achieve its goals. Identifying the mission is the first step of the process, formulating strategies is the second, and evaluating results is the final step.

Which Step of the Strategic Management Process Helps Identify an Organisation's