Which of the following is the first step in the strategic management process?
A) determining strategic vision
B) securing interim financing
C) establishing objectives
D) formulating strategy

Question

Quizplus · Accepted Answer

The first step in the strategic management process is determining the strategic vision for the organization. This involves identifying the overall direction and purpose of the organization, as well as its values and core beliefs. Only after the strategic vision has been established can the organization move on to setting objectives, formulating strategy, and securing financing.

Which of the Following Is the First Step in the Strategic