NTL,the Largest Cable Company in the United Kingdom,recently Declared Bankruptcy

NTL,the largest cable company in the United Kingdom,recently declared bankruptcy.It needs to engage in restructuring to gain more flexibility and to allow it to raise capital.It has identified the need for strategic change.What is the next step NTL should take in this strategy-making process?

A) finding the optimal strategic solution
B) brainstorming
C) assessing the need for strategic change
D) conducting a situational analysis