strategic management process

ASSIGNMENT ON STRATEGIC MANAGEMENT PROCESS Subject- sell Strategy Submitted By- Vikas Gautam Ajit Verma Abbas Hussain Rayini (MBA Retail Management) III-Sem Strategic steering do is a business model. beneath this model strategicalal planning becomes a deliberate process in which top executives periodically would speculate the squiffys schema, then communicate it down to the cheek for implementation. The strategic solicitude process MISSION ! OBJECTIVES ! SITUATIONAL ANALYSIS ! dodge FORMULATION ! IMPLIMENTATION ! CONTROL This process is most applicable to strategic management at business unit level of the organization. For vainglorious corporations, strategy at the corporate level is more pertain with managing a portfolio of business. MISSION The companys delegacy is its evidence for being. The mission oft expressed in the form o f mission relation, which conveys a grit of purpose to employes & projects a company reckon to customers. In the strategy formulation process the mission statement sets a modality of where the company should go?

OBJECTIVES Objectives provide a clear organize for all of the various activities that an organization carries out. By measuring how salubrious an objective has or has not been achieved, managers flowerpot make needed changes to their activities to ensure progress and achievements of the stated objectives argon made inside the timescale allocated. SITUATION ANALYSIS Once the firm ha s specified its objectives, it begins with c! urrent situation to device a strategic plan to reach those objectives. Changes in the external environment oft present new opportunities. An environmental scan is performed to identify the gettable opportunities. The firm also should fuck its own capabilities & limitations in pose to select the opportunities. The situation depth psychology therefore involves...If you necessitate to get a full essay, order it on our website: OrderCustomPaper.com

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