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Five steps of the strategic planning process.

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Create and post a mnemonic that will help you remember the five steps of the strategic planning process. how to the mnemonic
  five steps of the strategic planning process as follows
1. Select the corporate mission and major corporate goals. 2. Analyze the organization's external competitive environment to identify oppor-tunities and threats. 3. Analyze the organization's internal operating environment to identify the orga-nization's strengths and weaknesses. 4. Select strategies that build on the organization's strengths and correct its weak-nesses in order to take advantage of external opportunities and counter external threats. These strategies should be consistent with the mission and major goals of the organization. They should be congruent and constitute a viable business model. 5. Implement the strategies.

Reference no: EM13489890

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