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CS Professional · Strategic Management and Corporate Finance · Strategic Analysis and Planning

Which sequence correctly reflects the logical order of steps in a typical strategic planning process?

The correct order is mission and objectives first, then environmental and internal appraisal, then strategy formulation and choice, followed by implementation, and finally evaluation and control. Direction and analysis must precede choice, and implementation must precede evaluation.

  1. AMission and objectives, environmental and internal appraisal, strategy formulation and choice, implementation, evaluation and controlCorrect
  2. BImplementation, strategy choice, mission setting, environmental appraisal, evaluation
  3. CEnvironmental appraisal, implementation, mission setting, strategy choice, control
  4. DStrategy choice, evaluation, mission setting, implementation, internal appraisal

Explanation

Planning begins by setting direction (mission and objectives), then analysing the external and internal environment, then formulating and choosing strategy, then implementing it, and finally evaluating and controlling. The other orders place implementation or choice before direction and analysis, which is illogical.

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