Strategic management process

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Reference no: EM133663675

Question

1. Strategic Formulation: - Define strategic formulation. What are the key steps involved in this process?

- Discuss the role of SWOT analysis in strategic formulation. Provide an example.

- How does the mission and vision of a company influence its strategic formulation?

- Explain the concept of corporate strategy and business strategy in the context of strategic formulation.

2. Strategic Implementation: - What is strategic implementation? Discuss its importance in the strategic management process.

- Explain the role of leadership in strategic implementation. Provide an example.

- Discuss the challenges that organizations often face during strategic implementation.

- How does organizational structure impact strategic implementation?

3. Strategic Evaluation:

- Define strategic evaluation. Why is it important in the strategic management process?

- Discuss the key components of strategic evaluation.

- How can a company use key performance indicators (KPIs) in strategic evaluation?

- Explain the role of feedback in strategic evaluation. Provide an example.

Reference no: EM133663675

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