In which step of the strategy formulation process would a SWOT analysis take place?
A) Matching the organization and its environment
B) Analyzing the organization and the environment
C) Developing tactical and operations plans
D) Setting strategic goals
E) Contingency planning and crisis management
Answer: B
Explanation: B) After strategic goals have been established, managers usually attempt to assess both their organization and its environment. A common framework for this assessment is called a SWOT analysis
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