Strategic management is an ongoing process organizations apply to analyze internal processes and resources that deliver products. The four phases are formulation, implementation, evaluation, and modification.
importance of an organization's functional areas to the strategic management process and why they must be integrated during the four phases of strategic management
environment scanning formulation implementation evaluate
steps process strategic management
wing inspection team
wing inspection team
importance of an organization's functional areas to the strategic management process and why they must be integrated during the four phases of strategic management
environment scanning formulation implementation evaluate
steps process strategic management
wing inspection team
wing inspection team
Wing Inspection Team
clarifaction
Strategic management uses strategy, including strategic thinking to make all decisions, often through the lens of a strategic plan. Strategic management accounting is strict focused on fiscally related decisions, also as aligned with the organization's strategic direction.
Strategic management process has four key elements. These elements include,1) environmental scanning, 2) strategy formulation, 3) strategy implementation, 4) strategy evaluation.
Main objective of Strategic Management is to increase profitability
J. McClaren has written: 'Stage four Strategic financial management'
evolution of business policy and strategic management?