Understanding the reasons for poor performance or failure in the past is an important benefit of
A) environmental scanning.
B) competitor analysis.
C) the planning process.
D) stakeholder analysis.

Question

Quizplus · Accepted Answer

Understanding the reasons for poor performance or failure in the past is an essential aspect of the planning process. It helps organizations avoid making the same mistakes in the future and identify areas for improvement, resulting in better performance. Environmental scanning, competitor analysis, and stakeholder analysis are also critical components of strategic management, but they do not primarily focus on analyzing past failures.

Understanding the Reasons for Poor Performance or Failure in the Past