Which of the following is NOT a step in the strategic planning process? defining the company mission setting company objectives

Question

2 years ago

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Which of the following is NOT a step in the strategic planning process? defining the company mission setting company objectives

and goals designing the business portfolio planning marketing and other functional strategies evaluating members of the company's value chain

Business

2 answers:

svet-max [94.6K] · Answer 1 · 2023-03-18T19:59:07+03:00

Answer: evaluating members of the company's value chain

Explanation: The six steps of strategic planning are as follows :-

1. Determining strategic position

2. Information gathering

3. SWOT analysis

4. Formulation of plan

5. Execution of plan

6. performance monitoring

Hence the last statement is not a step in strategic planning process.

grigory [225] · Answer 2 · 2023-03-18T21:59:59+03:00

Answer:

The answer is evaluating members of the company's value chain.

Explanation:

Strategic planning takes part in an organization's process of defining many keys that can lead it to achieve the goals, such as its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. From option A to D, we can see elements that will help the organization be ready when it faces real situations, such as mission, objectives and goals, and tools such as business portfolio and marketing researching. This elements can lead to a successful organization.