Page 63 - Introduction to strategic management

In Summary

Steps of Strategic

Management Process
Environmental Scanning
Strategic Management Steps of Strategy Steps of Strategic Management Process Strategy Implementation
Strategy Formulation
Process
Strategy Formulation

Implementation

Steps of Strategy

Evaluation Process

Porter’s Five Forces Strategy Evaluation
Model of Competition

Making use of strategic
leadership

Linking reward structure to
accomplishment of results Taking Corrective Action
Steps of Strategy Implementation programs for constant Steps of Strategy Evaluation Process AnalyzingVariance

Employing best policies and

improvement

Creating strategy-
Measurement of
encouraging policies
performance

Disbursement of abundant
resources to strategy- Fixing benchmark of
essential activities performance

Developing an organization
having potentialof carrying
out strategy successfully
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