BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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You work in a small company that is currently in the planning process. Which of the following steps will you start with?
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Environmental scanning
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Strategy formulation
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Strategy implementation
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Environmental implementation
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Explanation:
Detailed explanation-1: -The correct answer is Stating organizational objectives. Planning is concerned with defining goals for a company’s future direction and determining the resources required to achieve those goals.
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