In 2014,William's decision to enter Cambodia with his new business was a horrible idea because the information he found from the strategic planning process was outdated.At the time competition was deemed weak,but in reality it was strong.William now has to revisit what step in the strategic planning process?
A)Developing the mission
B)Analyzing the environment
C)Setting objectives
D)Developing strategies

Question

Quizplus · Accepted Answer

William needs to revisit the step of analyzing the environment in the strategic planning process because the competition was deemed weak, but in reality, it was strong. This indicates that the information he gathered during the environmental analysis was outdated. By analyzing the current environment, William can get a better understanding of the current competition and make informed decisions accordingly.

In 2014,William's Decision to Enter Cambodia with His New Business