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Management · Q310

Strategic Management

Graduate and Post Graduate · Management · question 310

Q310

Situation analysis involves the process of:

A.
designing and choosing appropriate organizational strategies
B.
analyzing the current environment of the organization
Answer
C.
analyzing the external environment only
D.
evaluating the internal aspects of the organization

Answer: Option B

Solution

Answer: Option B
Solution:
Situation analysis involves the process of analyzing the current environment of the organization. Situation analysis is defined as an analysis of the internal and external factors of a business. It clearly identifies a business's capabilities, customers, potential customers and business environment, and their impact on the company.