STRATEGIC MANAGEMENT PROCESS

The strategic management process can be broadly divided into _________________ phases

• Five

• Three

• Four

Select the correct order of the strategic management process.

• Strategic formulation, Strategic Evaluation, Strategic Implementation

• Strategic formulation,Strategic Implementation,Strategic Evaluation

• Strategic Evaluation,Strategic formulation,Strategic Implementation,

________________________ is also called as ‘strategic planning’.

• strategy formulation

• Strategy implementation

• Strategy Evaluation

______________ is a process that puts plans and strategies into action to reach desired goals.

• Strategic Formulation

• Strategic Evaluation

• Strategic implementation

_______________________ means collecting information about how well the strategic plan is progressing

• Strategic Planning

• Strategy evaluation

• Strategic Implementation

______________________ is the first step of strategic planning.

• Analyze internal environment

• Framing mission Statement

• Analyze external environment

Analysis and choice of strategy is a part of _____________ step of strategic management process.

• Strategic Formulation

• Strategic Evaluation

• Strategic Implementation

Identify the correct order of process of strategic evaluation.

• Setting of standards, measurement of performance, Comparison of actual performance with standard, Finding out deviations.

• Measurement of performance, Comparison of actual performance with standard, Finding out deviations,Setting of standard

• Measurement of performance,Finding out deviations,Setting of standard, Comparison of actual performance with standard