Strategy planning incorporates evaluating the organization's strengths, weaknesses, opportunities and threats.

Question

Quizplus · Accepted Answer

This statement is true. Strategy planning involves conducting a SWOT analysis, which evaluates the internal strengths and weaknesses of the organization, as well as the external opportunities and threats it faces. These factors are then used to develop a strategy that maximizes the organization's strengths and opportunities while minimizing its weaknesses and threats.

Strategy Planning Incorporates Evaluating the Organization's Strengths, Weaknesses, Opportunities and Threats