The Strategic Management Process

The Strategic Management Process
You finally made it.You were recently promoted to Executive Vice President in the corporate division.On the first day in your new position, the Chairperson said she was pleased at your new promotion and looked forward to hearing your presentation at next week's meeting concerning the new strategic management process you will be handling.You smiled, even though your stomach was churning.Unfortunately, this was the first you had heard about this meeting, and other than doing your small part in past planning efforts, you have little idea about how to design a strategic management process.You quickly grab your daughter's management textbook and read up on the topic.
-Refer to The Strategic Management Process (Scenario) .You learn that ________ is an important step in the strategic planning process and has to do with issues such as what pending legislation may impact your company and what the competition is doing.

A) implementing strategies
B) formulating strategies
C) identifying strengths and weaknesses
D) identifying opportunities and threats
E) analysing the external environment