BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The strategic management process can be broadly divided into ____ phases
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Five
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Three
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Four
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Explanation:
Detailed explanation-1: -Developing a Strategic Vision and Business Mission 2. Setting Objectives 3. Crafting a Strategy 4.
Detailed explanation-2: -The strategic-management process consists of three stages: strategy formulation, strategy implementation, and strategy evaluation.
Detailed explanation-3: -All though none of the above clearly defines a strategy, they accurately depict the three theoretical approaches to strategy; The Planning Approach, The Emergent Approach, and Resource Based Approach.
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