After understanding where we've been, and setting our guiding stars for where we're going, the strategic thinking$/$leading$/$managing process continues with a study of the internal system$/$environment in order to identify opportunities and threats and a study of the external system$/$environment in order to identify strengths and weaknesses. The internal study deals with what Covey calls our "circle of concern" and the external study deals with our "circle of influence."

True

False