Strategic Analysis and Planning – CS Executive Financial and Strategic Management MCQ Questions with Answers you can quickly revise the concepts. Show
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What is the process of strategy formulation?What Is Strategy Formulation? Strategy formulation is the process of using available knowledge to document the intended direction of a business and the actionable steps to reach its goals. This process is used for resource allocation, prioritization, organization-wide alignment, and validation of business goals.
What is the process of strategic analysis?Strategic analysis is a process that involves researching an organization's business environment within which it operates. Strategic analysis is essential to formulate strategic planning for decision making and smooth working of that organization.
What are the process of strategic management?The five stages of the process are goal-setting, analysis, strategy formation, strategy implementation and strategy monitoring.. Clarify Your Vision. The purpose of goal-setting is to clarify the vision for your business. ... . Gather and Analyze Information. ... . Formulate a Strategy. ... . Implement Your Strategy. ... . Evaluate and Control.. |