In strategic planning, when the planners are considering their finances, physical assets, human assets etc., they are at the ________ step in the planning process.

Question

Quizplus · Accepted Answer

When considering finances, physical assets, and human assets, the planners are assessing their internal resources. Assessing external resources pertains to analyzing external factors that may impact the organization, such as industry trends and competition. Analyzing internal arrangements is more focused on evaluating internal processes and procedures. Defining goals is typically an earlier step in the planning process.

In Strategic Planning, When the Planners Are Considering Their Finances