Question

Which of the following is not a step in the strategic planning process? Group of answer choices Defining the company mission. Planning marketing and other functional strategies. Setting company objectives and goals. The process by which management evaluates the products and businesses making the company. Designing the business portfolio.

Answer 1

Answer:

E) evaluating all members of the value chain

Explanation:

A value chain is used to describe all the business activities it takes to create a product from start to finish (design, production, distribution).

And a value chain analysis gives businesses a visual model of these activities.

Answer 2

Evaluation of products and businesses making is not a step in the strategic planning process.

A firm's strategic planning is a procedure undertaken to determine their vision for the future and to identify the goals & objectives for the corporation.

Some step of the strategic planning includes:

• Defining the company mission
• Planning marketing and other functional strategies
• Setting company objectives and goals
• Designing the business portfolio.

Hence, the Evaluation of products and businesses making is not a step in the strategic planning process.

Therefore, the Option C is correct.

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