BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Strategic Formulation
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Strategic Evaluation
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Strategic implementation
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Detailed explanation-1: -Strategy implementation is the process of turning plans into action to reach a desired outcome.
Detailed explanation-2: -Aspects of Strategic Implementation Employ a team of highly skilled and experienced professionals to tackle individual supporting projects. Improve internal communication to ensure all team members have the support and knowledge they need. Develop procedures or policies which help teams better achieve their goals.
Detailed explanation-3: -Strategy implementation is the act of executing a plan to reach the desired goal or set of goals. The brainstorming process helps formulate these ideas, while the implementation process puts those strategies or plans into action.
Detailed explanation-4: -An implementation plan-also known as a strategic plan-outlines the steps your team should take when accomplishing a shared goal or objective. This plan combines strategy, process, and action and will include all parts of the project from scope to budget and beyond.
Detailed explanation-5: -The four phases of strategic management are formulation, implementation, evaluation and modification.