Question

Strategy formulation or strategic planning begins with a(n) ________, which is the process of finding a strategic fit between external opportunities and internal strengths while working around external threats and internal weaknesses. A. environmental analysis. B. objective analysis. C. strategic evaluation. D. situation analysis E. position analysis.

Answer 1

Answer:

D. situation analysis

Explanation:

Situation analysis refers to the act of gathering data from the business environment and use the data to make a decision for the company.

The 'data' could come from various sources, such as Customers' testimony, The opinion of experts, or even the past activities that being done by successful competitors. After the data is collected, the managers can use it as a consideration when creating their strategic planning.