Asked by Derek Timmer on Jun 10, 2024
Verified
What is the proper sequence of steps in the four-step strategic management process?
Strategic Management Process
A comprehensive approach to planning and guiding an organization's strategy over the long term.
- Understand the strategic management process, encompassing SWOT analysis, and its importance in organizational planning and decision-making.
Verified Answer
JA
Junior AndaluzJun 11, 2024
Final Answer :
(1) Formulation of a grand strategy; (2) formulation of strategic plans; (3) implementation of strategic plans; and (4) strategic control.
Learning Objectives
- Understand the strategic management process, encompassing SWOT analysis, and its importance in organizational planning and decision-making.