Strategic management process usually consists of _________steps.

HRM Mcqs 10/05/2020

A. Four
B. Five
C. Six
D. Seven

The five stages of the process are goal-setting, analysis, strategy formation, strategy implementation and strategy monitoring.

  1. Clarify Your Vision. The purpose of goal-setting is to clarify the vision for your business. …
  2. Gather and Analyze Information.
  3. Formulate a Strategy
  4. Implement Your Strategy
  5. Evaluate and Control

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