The four basic elements of the strategic management process are

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The four basic elements of the strategic management process include environmental scanning (to identify internal and external factors that can impact the organization), strategy formulation (to develop a plan for achieving goals and objectives), strategy implementation (to execute the plan), and evaluation and control (to monitor progress and make necessary adjustments). Choice D includes all four elements mentioned while B includes contingency planning, which is not considered as one of the basic elements. Choice A includes strategy analysis but this is a part of evaluation and control. Choice C mentioned competition scanning, which is a part of environmental scanning. Environmental scanning, strategy formulation, strategy implementation, evaluation and control.

The Four Basic Elements of the Strategic Management Process Are