What is the first step in establishing a strategic position?a.)Strategy statementb.)Mission statementc.)Financial statementd.)Vision statement

To establish a strategic position, the first step is to define the direction and purpose of the organization. Among the options provided, the most relevant choice is:

b.) Mission statement

Explanation:

1. Mission Statement: This defines the organization's fundamental purpose, clarifying what the organization does, who it serves, and its core values. It serves as a guiding principle for strategic decision-making.

2. Vision Statement: While important, the vision statement focuses more on what the organization aspires to become in the future, rather than its current strategic position.

3. Strategy Statement: This typically follows the mission and vision and outlines the approach for achieving the organization's goals but is not the first step.

4. Financial Statement: While crucial for understanding an organization's financial health, it does not directly establish a strategic position.

In summary, starting with a clear mission statement is essential for developing a strategic position, as it provides the foundation upon which further strategies and goals can be built.