strategic management process

2. Definition
“It is a process by which an organization establishes its
objectives, formulates actions (strategies) designed to
meet these objectives in the desired timescale, implements
the actions, and assesses progress and results.

4. Strategy Formulation
Establishing strategic intent.
Environmental analysis.
Organizational analysis.
Strategic alternatives.
Choice of strategy.

5. Strategy Implementation
Activating strategy.
Structural implementation.
Behavioral implementation.
Functional implementation.

6. Strategy Control & Evaluation
Designing control system.
Exercising control.
Internal review.
External review.
Performance metrics.
Corrective actions.