Which of the following is the first step of a strategy-making process? Group of answer choices Conducting situational analysis Evaluating strategic alternatives Choosing strategic alternatives Assessing the need for strategic change

The first step in a strategy making process is Accessing the need for strategic change.

Answer: Correct answer is (D)

Explanation:

In a strategy making process the first and foremost step is to assess the need for strategic change. It is very important step, as the whole process starts with it. It is necessary to determine whether the strategy is needed or not. And if needed than what kind of strategy is required.

Once we are clear about the requirements of the organisation. We can proceed to formulate a strategy. If their is a need of change than only efforts will be made to bring that change. So first of all try to find out the need of strategy and then proceed.