An organization's present strategies, objectives, vision, and mission, coupled with the external...

Question:

An organization's present strategies, objectives, vision, and mission, coupled with the external and internal audit information, provide a basis for

A) generating structural strategies but not evaluating those strategies.

B) evaluating structural strategies, but not generating those strategies.

C) generating feasible alternative strategies but not evaluating those strategies.

D) evaluating feasible alternative strategies, but not generating those strategies.

E) generating and evaluating feasible alternative strategies.

Feasibility assessment:

It is necessary to assess all the strategies and their associated feasibility. Feasibility defines whether the given strategy is best for the organization or not. It measures whether the strategy meets the organizational goal or not.

Answer and Explanation:

The correct answer is E) generating and evaluating feasible alternative strategies.

To comprehend the organization, it is vital to analyze its current strategy, as well as its aim, vision, and mission statement. Auditing internal and external information is also essential for understanding the organization. After examining all of these, a company can produce and assess all of the viable alternative strategies and choose the best one that will help in the organization's success and expansion.


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What Are Strategic Plans in Business? - Definition & Examples

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Chapter 16 / Lesson 14
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Learn about the strategic planning process in business, what it is and what it is not. Discover examples of goals, strategies, and tactics in a strategic plan.


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