Question

Developing a vision and mission , identifying an organization's external opportunities and threats and determining internal strengths and weaknesses are all -----activities

Answer 1

strategy-formulation

1. It entails establishing a vision and mission, identifying possible opportunities and threats, determining strategic factors, establishing long-term objectives, producing alternative strategies, and selecting specific tactics to be pursued.
2. After passing through the internally and externally review stages, the strategy formulation process entails developing a plan of action for addressing strategic concerns faced by the organization, initiative, or project you are part of.