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What is Strategic Management Process Overview about?

The strategic management process involves defining the vision, mission, and objectives of the organization. This includes conducting an environmental analysis of external factors and an organizational analysis using SWOT. Goals and strategies are then identified, which may involve alternatives like expansion, retrenchment, or diversification. The chosen strategy is implemented and evaluated for effectiveness through feedback. Key aspects of the process include setting strategic intent, analyzing the environ

Author

archanashri2748

Language

EN