CLM is a big cable company. The company has recently declared bankruptcy and needs to engage in restructuring in order to give it more flexibility and allow it to raise capital. Since it has identified the need for strategic change, what would be the organization's next step in this strategy- making process?
A)Finding the optimal strategic solution
B)Eliminating impediments
C)Refreezing change
D)Freezing the strategic change
E)Conducting a situation analysis

Question

Quizplus · Accepted Answer

The organization's next step in the strategy-making process should be conducting a situation analysis to identify its current situation and determine the best course of action moving forward. This involves analyzing internal and external factors that affect the company's performance, such as finances, market trends, and competition. Once this is done, the organization can then move on to identifying and evaluating strategic options, setting objectives, and developing a plan for implementation.

CLM Is a Big Cable Company