Which of the following components are included in the strategic management process quizlet?

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Which of the following components are included in the strategic management process?

The strategic management process has six major components:.
Establishment of mission, vision, and goals..
Analysis of external opportunities and threats..
Analysis of internal strengths and weaknesses..
SWOT (strengths, weaknesses, opportunities, and threats) analysis and strategy formulation..
Strategy implementation..

What are the 7 steps of the strategic management process?

How to Strategic Plan in 7 Steps.
Step 1: Environmental Scan. ... .
Step 2: Internal Analysis. ... .
Step 3: Strategic Direction. ... .
Step 4: Develop Goals and Objectives. ... .
Step 5: Define Metrics, Set Timelines, and Track Progress. ... .
Step 6: Write and Publish a Strategic Plan. ... .
Step 7: Plan for Implementation and the Future..

What are the four components of strategic management process?

The four phases of strategic management are formulation, implementation, evaluation and modification.

Which of the following is a strategic management process?

Strategic management is a continuous process that appraises the business and industries in which the organization is involved; appraises it's competitors; and fixes goals to meet all the present and future competitor's and then reassesses each strategy.