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the strategic management process. How and why
has the environmental scanning phase of the
strategic management process become more
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3. Process Assignment Help
The main components of strategic management
process are discussed below –
Mission Statement: To create mission statement is
the first component of strategic management
process.
The mission statement includes reasons of
existence, desired future, key values and major
goals of the organization .
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4. Components of Strategic Management Process
Assignment Help
Vision Statement: It can be defined as desired
future state that company wants to achieve.
Values: It refers as a statement that describes how
employees should conduct themselves along with
business function to achieve mission.
Along with these, goals, internal and external
analysis as well as strategies are some other
components of strategic management process.
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5. Scanning Assignment Help
Environmental scanning has become more flexible
in recent year, as it has involved more internal and
external factors under scanning to assist in
strategic planning process.
Due to possibility of changes in internal and
external business environment, this phase has
become more flexible at present than past.
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6. Reasons of Flexibility in Environmental Scanning
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Due to continue improvement and changes in
circumstances, scanning has become more flexible
at present .
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