The strategic management process consists of five key decision areas laid out in five steps; the first step is:
A)strategy execution.
B)strategy formulation.
C)crafting a strategic vision and mission statement.
D)setting objectives.

Question

Quizplus · Accepted Answer

The first step in the strategic management process is crafting a strategic vision and mission statement, which sets the direction and purpose of the organization.

The Strategic Management Process Consists of Five Key Decision Areas