BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To conduct a SWOT analysis
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To develop the strategic plan
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To specify action plans
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To develop a mission statement
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Detailed explanation-1: -Strategic planning starts with a mission that offers a company a sense of purpose and direction. The organization’s mission statement describes who it is, what it does and where it wants to go. Missions are typically broad but actionable.
Detailed explanation-2: -The first step of any strategic planning process starts with research.
Detailed explanation-3: -1. Set Clear Goals and Define Key Variables. The first step of the process is straightforward: You must identify the goals that the new strategy should achieve.
Detailed explanation-4: -A mission statement serves as a guiding light for the company when creating the various company statements, although it is the least specific directive. The mission statement describes a company’s objective, which is the first element in the company’s strategy statement.