BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are The Four Stages of Strategy?
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Environmental analysis, Strategy formulation, Implementation phase, & Strategy review and evaluation.
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Economic analysis, Strategy formulation, Introduction phase, & Strategy review and evaluation.
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Environmental analysis, Tactical formulation, Implementation phase, & Strategy interest and evaluation.
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Environmental introduction, Strategy formulation, Implementation stage, & Tacticalreview and evaluation.
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Explanation:
Detailed explanation-1: -The four phases of strategic management are formulation, implementation, evaluation and modification.
Detailed explanation-2: -Several components are involved in developing a comprehensive corporate strategy. The four most widely accepted key components of corporate strategy are visioning, objective setting, resource allocation, and prioritization.
Detailed explanation-3: -4. Execute and Monitor. It’s time to put your strategic plan into action. All team members should have the resources they need to complete the task at hand.
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