The strategic management process begins when a firm
A) determines its objectives.
B) defines its mission.
C) makes a strategic choice.
D) implements its strategy.

Question

Quizplus · Accepted Answer

The strategic management process begins with defining a company's mission, which guides its overall direction and purpose. Once the mission is defined, the firm can determine its objectives, make strategic choices, and implement its strategy.

The Strategic Management Process Begins When a Firm