BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A stage in the strategic process involves taking the important information gathered from the strategic analysis stage and using it to make an intelligent and informed strategic selection or choice of the most appropriate courses of action for the future.
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Strategic Analysis
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Strategic Implementation
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Strategic Selection
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Explanation:
Detailed explanation-1: -Implement Your Strategy Successful strategy implementation is critical to the success of the business venture. This is the action stage of the strategic management process.
Detailed explanation-2: -Environmental scanning refers to a process of collecting, scrutinizing and providing information for strategic purposes and helps in analyzing the internal and external factors influencing an organization. After executing the process, management should evaluate it on a continuous basis and strive to improve it.
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