In order, the steps of the strategic-management process are

A. establish the mission and vision statements, assess the current reality, conduct a trend analysis, and maintain the feedback loop.
B. establish the mission statement, maintain strategic control, formulate the grand strategy, and implement the strategy.
C. establish the mission, vision, and values statements; assess the current reality; formulate the grand strategy; implement the strategy; and maintain strategic control.
D. establish the vision and values statements, develop a mission statement, formulate the grand strategy, implement the strategy, and maintain the feedback loop.
E. determine the strategy; carry out the strategic plans; and establish the mission, vision, and values statements.


C. establish the mission, vision, and values statements; assess the current reality; formulate the grand strategy; implement the strategy; and maintain strategic control.

The steps of the strategic-management process are (1) establishing the mission, vision, and values statement; (2) assessing the current reality; (3) formulating the grand strategy; (4) implementing the strategy; and (5) maintaining strategic control and the feedback loop .

Business

You might also like to view...

A disciplinary action meets the standards of outcome fairness if the manager explains to the employee how the action is procedurally just, treats the employee with dignity and respect, and empathizes with the employee's feelings.

Answer the following statement true (T) or false (F)

Business

Laws that seek to prevent certain practices that might reduce competition and thus increase prices are called ________.

A. contract laws B. consumer laws C. antitrust laws D. tax laws

Business

Skimming is also known as penetration pricing

Indicate whether the statement is true or false

Business

Which of the following best describes research objectives?

A) When achieved, they provide a clear picture of the problem. B) When achieved, they provide a basis for future research. C) When achieved, they provide the necessary information to solve the problem at hand. D) When achieved, the researcher may go on to the next step in the research process. E) When achieved, they provide a basis for secondary data research.

Business