THE FIRST STEP IN STRATEGIC PLANNING IS GENERALLYA) DEVELOPING A V...

83) - TEST BANK FOR STRATEGIC MANAGEMENT A COMPETITIVE ADVANTAGE APPROACH 14TH EDITION BY DAVID
TEST BANK FOR STRATEGIC MANAGEMENT A COMPETITIVE ADVANTAGE APPROACH 14TH EDITION BY DAVID
83) The first step in strategic planning is generallyA) developing a vision statement.B) establishing goals and objectives.C) making a profit.D) developing a mission statement.E) determining opportunities and threats.Answer: ADiff: 1 Page Ref: 10Objective: 1.03 Define and give examples of key terms in strategic management.Learning Outcome: Discuss the functions of vision statements, mission statements, and long-term corporate objectives