Illustrate the process of strategic management – InterviewSolution

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Illustrate the process of strategic management

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Answer:

The five stages of the PROCESS are goal-setting, analysis, STRATEGY FORMATION, strategy implementation and strategy monitoring.

Clarify Your Vision. The PURPOSE of goal-setting is to clarify the vision for your business. ...

Gather and Analyze Information. ...

Formulate a Strategy. ...

Implement Your Strategy. ...

Evaluate and Control.

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