Which of the following is the first step in strategic planning?
A)set objectives and goals
B)define the company mission
C)develop the business portfolio
D)identify threats and weaknesses
E)plan marketing strategies

Question

Quizplus · Accepted Answer

Defining the company's mission is the first step in strategic planning because it sets the foundation for all future decision-making and goal-setting. This step helps to identify the purpose of the organization and what it hopes to achieve in the long-term. The other options may come later in the strategic planning process.

Which of the Following Is the First Step in Strategic