BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT in the 6 steps process of Strategic Management?
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Identifying current mission
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Formulate strategies
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Evaluate strategies
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Identifying number of staff
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Explanation:
Detailed explanation-1: -Answer: Assigning administrative tasks is NOT a major element of the strategic management process. The process of strategic management includes goal setting, analysis, strategy formation, strategy implementation, and strategy monitoring.
Detailed explanation-2: -In strategic thinking, there are six P’s, as follows: Plan, Ploy, Pattern, Position, Perspective, and Process.
Detailed explanation-3: -Identify your goals The first step in the strategic management process is to evaluate where you’re going, and why. Ideally, you already have some goal materials in place, including: Your vision statement. Your mission statement.
There is 1 question to complete.