Question

What is the first step in the strategic management process?

A) formulating a strategy
B) defining the current business
C) translating a mission into goals
D) performing internal and external audits
E) implementing an environmental scan

Answer 1

The first step in the strategic management process is translating a mission into goals.

Step-by-step explanation:

The first step in the strategic management process is translating a mission into goals. This step involves taking the overall mission of the organization and breaking it down into specific, measurable, achievable, relevant, and time-bound (SMART) goals. These goals serve as the guiding principles for the organization's strategic planning and decision-making.