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What is strategic management process and how does implementation fit into it?

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What is strategic management process and how does implementation fit into it?

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Solution Summary

Your tutorial reviews the table (steps of the strategy formulation) and other helpful concepts. Two references.

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Strategy will be created after doing setting down Mission and vision of the organization and incisive SWOT ( Strengths-Weaknesses-Opportunities-Threats ) analysis is to be carried out to define your company's sustainable competitive advantage areas and develop an appropriate business strategy to capitalize on it.
Thus if we see the table (steps of the strategy formulation), Environment analysis is the first step which lead to the SWOT analysis and SFAS summary. SFAS (Strategic Factor analysis summary) will help in creating Mission and vision of the organization. Strategy will follow Mission and vision of the organization. Your strategic thinking, vision, and business ...

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