Phases of the strategic management process

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Reference no: EM13914805

IN YOUR OWN WORDS

In the first week of class we discussed the three phases of the Strategic Management Process. Understanding the Internal Strengths and Weaknesses is essential to both the Strategy Formulation and the Strategy Execution phases. It is important for an organization to link strategic initiatives to identified strengths and weaknesses. The IFE matrix is one of many tools that are available to support this process.

These discussions always bring out varying perspectives and observations. This is why it is so important to build cross functional collaboration and communication into the process of evaluating strategies.

Upon your personal review of the various Disney Divisions, and your review of the perspectives of other students, what is your observation of the effectiveness of utilizing this tool and what shortcomings have you observed?

Reference no: EM13914805

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