The final step of the strategic management process is _____.
Question:
The final step of the strategic management process is _____.
a. formulation of the strategy
b. implementation of the strategy
c. analysis of the strategic outcomes
d. formulation of the firm's strategic intent and mission
Strategic Management Process
The strategic management process is the ongoing audit of current processes so as to outperform competitors. It is best used for businesses who need to reach a certain objective or goal. The term "strategic" implies that a specific plan for a specific goal is implemented, making it easier for firms to reach desired outcomes.
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Strategic Thinking vs. Strategic Planning in Business
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Chapter 1 / Lesson 1
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Strategic thinking and strategic planning can both be used in business to create and implement a plan. Learn the difference between these two business concepts, how to use them effectively and why they are important.
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