The Strategic Management Process

The Strategic Management Process Abstract There is an ancient Chinese proverb that says, When planning for a year, coiffure corn. When planning for a decade, plant trees. When planning for life, train and educate people, (Anonymous). This might seem serious to do in todays ever evolving society, combine with rapid technological advancements, but by being proactive, strategical prudence actually gives the giving medication direction, a sense of indistinguishability and unity towards the military control goal. In that respect one screwing find the continued importance of strategic management towards business conquest. A less than arduous approach to the strategic management process by an organization thwart out achieve success by happenchance, and lead leave the organization vulnerable to unknowing events. Thus a good strategic vision go away keep an organization focused on the goals and allow tractability in an ever changing world. The Strategic Management Process Introduction The strategic management process is specialized as the process of formulating, implementing, and evaluating cross-functional decisions that will enable an organization to achieve its objectives. It focuses on the process of scheme synthesis, intent, and thinking role in strategic formulation. (Business Week, 2011).

This paper will attempt to advise the reader concerning the five-component approach to promote undefeated organizational performance. This review will include sources that cover the followers: The vision formulation which leads to the mission statement, converting the mission into performance objectives, growing strategies to achieve objectives, implementation of those strategies, and performance evaluation. Mission Statement The very low gear step in the Strategic Management Process (SMP) is to define the business. In essence, the mission statement answers these basic questions: 1. What product(s) or service(s) is the organization selling? 2. Who is the target/customer? 3. How will the... If you want to get a full essay, order it on our website: Orderessay

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