Stages of the strategic management process

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Reference no: EM132214491

The 5 stages of the strategic management process., you will analyze the articulated strategy of the Under Armour.

Stage 1: Developing a strategic vision, mission, and a set of values.

What is your company’s vision? Use the guidelines in Table 2.2 of the text. What changes, if any, would you recommend to your company’s leadership regarding their vision statement?

What is your company’s mission? Using the guidelines in the text, what changes, if any, would you recommend to your company’s leadership regarding their mission statement?

What are your company’s core values? How are your company’s leaders using these values to direct and support the organization’s strategy?

Stage 2: Setting objectives for measuring performance and progress.

What are your company’s financial objectives?

What are your company’s strategic objectives?

Critique your company’s financial and strategic objectives. Are they SMART? Stretch? What recommendations, if any, would you make to your company’s leadership to make their objectives more SMART and stretch?

Stage 3: Crafting a strategy to achieve those objectives.

What are some of the key aspects of your company’s strategic plan?

What is your company’s strategic intent?

Stage 4: Executing the chosen strategy efficiently and effectively.

What are some of the tactics currently used by your company execs to manage the execution process of the organization’s strategy?

Stage 5: Monitoring strategic developments, evaluating execution, and making adjustments to the vision and mission, objectives, strategy, or execution as necessary.

What do you think about the composition of your company’s board of advisors?

What role do these individuals appear to be playing in your company’s success?

Would you recommend any changes to the composition of your company’s board?

Reference no: EM132214491

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