BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Stage 1
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Stage 2
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Stage 3
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Stage 4
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Stage 5
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Detailed explanation-1: -Stage 3 involves a single technique, the Quantitative Strategic Planning Matrix (QSPM). A QSPM uses input information from Stage 1 to objectively evaluate feasible alternative strategies identified in Stage 2.
Detailed explanation-2: -Step 3: Strategic Direction They meet with staff and stakeholders and use that input to build a vision for the future that is both idealistic and high-impact. They theorize how to align Administration priorities like equity, customer experience, and climate with agency operations.
Detailed explanation-3: -Stage 2 in the strategy-formulation framework involves the Quantitative Strategic Planning Matrix.
Detailed explanation-4: -The three levels are corporate level strategy, business level strategy, and functional strategy. These different levels of strategy enable business leaders to set business goals from the highest corporate level to the bottom functional level.
Detailed explanation-5: -Stage three, called the decision stage, involves a single technique, the Quantitative Strategic Planning Matrix (QSPM).