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25 March, 19:48

Which of the following stages of the strategic management process involves an evaluation of a firm's external and internal environments?

A. Strategy analysis

B. Strategy implementation

C. Strategy formulation

D. Strategy control

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Answers (1)
  1. 25 March, 22:43
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    Answer is option A, i. e. Strategy analysis.

    Explanation:

    Strategy analysis can be understood as a process of evaluating the environment in which the business operates. This environment includes both internal as well as external environment. For a business to be successful, it is important that both internal, as well as the external environment, should be taken into consideration. Therefore, the correct answer is option A.
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Home » Business » Which of the following stages of the strategic management process involves an evaluation of a firm's external and internal environments? A. Strategy analysis B. Strategy implementation C. Strategy formulation D. Strategy control
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