Identifying and executing the firm’s mission by matching its capabilities with dem ands of its environment is the firm’s:

Strategic management
Mission statement
Vision
SWOT analysis

The correct answer is: A. Strategic management.

Strategic management is the process of formulating, implementing, and evaluating a firm’s long-term goals and objectives. It involves identifying the firm’s mission and vision, assessing its external environment, and developing a strategy to achieve its goals.

A mission statement is a brief statement that describes the firm’s purpose and what it hopes to achieve. A vision statement is a more aspirational statement that describes the firm’s desired future state. A SWOT analysis is a tool that helps firms identify their strengths, weaknesses, opportunities, and threats.

Strategic management is important because it helps firms to achieve their goals and objectives. It also helps firms to adapt to changes in their environment and to take advantage of new opportunities.

Here is a brief explanation of each option:

  • A. Strategic management is the process of formulating, implementing, and evaluating a firm’s long-term goals and objectives. It involves identifying the firm’s mission and vision, assessing its external environment, and developing a strategy to achieve its goals.
  • B. A mission statement is a brief statement that describes the firm’s purpose and what it hopes to achieve.
  • C. A vision statement is a more aspirational statement that describes the firm’s desired future state.
  • D. A SWOT analysis is a tool that helps firms identify their strengths, weaknesses, opportunities, and threats.