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What is strategic audit? Explain its relevance to corporate strategy and corporate governance
ETOP in strategic management stands for Environmental Threat and Opportunity Profile. Preparing ETOP involves analyzing the impact of each sector of the environment.
environment scanning formulation implementation evaluate
steps process strategic management
There are several key steps to strategic management process. The steps include deciding a mission, defining objectives, scanning the environment, setting a strategy, formulating tactics, and measuring outcomes.
What is strategic audit? Explain its relevance to corporate strategy and corporate governance
ETOP in strategic management stands for Environmental Threat and Opportunity Profile. Preparing ETOP involves analyzing the impact of each sector of the environment.
environment scanning formulation implementation evaluate
steps process strategic management
The board of directors should be very much involved with strategic management because strategic management involves the identification of environment that the corporation works in, it defines the mission, sets objectives and goals for the achievement of that corporate mission and evaluates the company's progress on a continuous basis. -SK
There are several key steps to strategic management process. The steps include deciding a mission, defining objectives, scanning the environment, setting a strategy, formulating tactics, and measuring outcomes.
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.
Main objective of Strategic Management is to increase profitability
evolution of business policy and strategic management?
Strategic management has many advantages and disadvantages. One advantage of strategic management is being able to expect whatever comes up.
the prerequisites for successful strategic management is finance and human resources
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