strategic management process

ASSIGNMENT ON STRATEGIC MANAGEMENT PROCESS Subject- retail Strategy Submitted By- Vikas Gautam Ajit Verma Abbas Hussain Rayini (MBA Retail Management) III-Sem Strategic steering do is a business model. beneath this model strategical planning becomes a deliberate process in which top executives periodically would get the unswervings schema, then communicate it down to the governance for implementation. The strategic solicitude process MISSION ! OBJECTIVES ! SITUATIONAL ANALYSIS ! outline FORMULATION ! IMPLIMENTATION ! CONTROL This process is most applicable to strategic management at business unit level of the organization. For grand corporations, strategy at the corporate level is more pertain with managing a portfolio of business. MISSION The companys tutelage is its mind for being. The mission oft expressed in the form of missio n argument, which conveys a grit of purpose to employes & projects a company name to customers. In the strategy formulation process the mission statement sets a modality of where the company should go?

OBJECTIVES Objectives provide a clear organize for all of the various activities that an organization carries out. By measuring how salubrious an objective has or has not been achieved, managers buns make needed changes to their activities to ensure progress and achievements of the stated objectives atomic number 18 made inside the timescale allocated. SITUATION ANALYSIS Once the firm has s pecified its objectives, it begins with curr! ent situation to device a strategic plan to reach those objectives. Changes in the external environment oftentimes present new opportunities. An environmental scan is performed to identify the gettable opportunities. The firm also should fuck its own capabilities & limitations in invest to select the opportunities. The situation depth psychology therefore involves...If you need to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper