According to the comprehensive strategic-management model, which step needs to be completed immediately following the establishment of long-term objectives?

Question

Quizplus · Accepted Answer

Generating, evaluating, and selecting strategies is the next step in the comprehensive strategic-management model after the establishment of long-term objectives. This step involves analyzing internal and external factors, identifying strategic alternatives, evaluating those alternatives, and selecting the best-fit strategies for achieving the long-term objectives. The other steps (developing vision and mission statements, performing external audits, performing internal audits, and measuring and evaluating performance) are important but are completed either before or after the strategy selection step.

According to the Comprehensive Strategic-Management Model, Which Step Needs to Be