In which step of the strategic management process does an organization find out what its competition is doing, what legislation is pending, and what customers desire?
A)Step 3: identify opportunities and threats.
B)Step 4: analyze the organization's resources.
C)Step 2: analyze the environment.
D)Step 1: identify the organization's current mission, objectives, and strategies.

Question

Quizplus · Accepted Answer

In the strategic management process, analyzing the environment (Step 2) involves understanding external factors such as competition, legislation, and customer preferences, which can impact the organization's strategy.

In Which Step of the Strategic Management Process Does an Organization