Which of the following steps in the strategic planning process usually precedes the others?

The various steps in the strategic planning process are as follows:

I.       Defining the Mission of the Organization.

II.      Developing Organizational Objectives.

III.     Assessing Organizational Resources, Risks and Opportunities.

IV.    Formulating Strategy.

V.     Implementing Strategy.

VI.    Monitoring and Adopting Strategic Plans.

              Hence, from above discussion, we can infer that option (c) is correct

Option (C) is the correct answer.

(b)  Assessing organizational resources, risks and opportunities

(c)  Developing organizational objectives ............................. should be set first that will will help proceeding other steps i.e., options (a) (b) (d) & (e)

Agreed with Mr. Vinod Jetley.

I think the answer is : Option ( C )

(d)  Implementing strategy

"c - b - a - d - e" in my opinion is the correct sequence to strategy in organizations. 

team leadership and top management 

Agree with all colleagues 

Thanks

To answer the question directly, the correct answer will be option C. I agree with those who chose this option. 

I want to add, though, if I may, that in developing the organizational objectives, which some might refer to as strategic objectives, the organizitation must do so in the context of it environment. This requires careful industry analysis, as well as internal analysis again in the context of the findings of the industry analysis, will identify the competive forces at play.

It is then the big picture emerges for proper formulation of strategic objectives, strategy, and execution. 

Good framework to follow, even more so if it's an established business. 

Good question.