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SWOTT Analysis and Strategic Control

1. What is the definition of strategic management?

2. Describe the components of an SWOTT analysis?

3. What components do organizational objectives include?

4. What are the eight steps to a communication plan?

5. What are the four basic types of strategic control?

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1. What is the definition of strategic management?

Strategic management is a set of managerial decisions and actions which determines the long-run performance of a company. The process is strategic because it involves preparing the best way to respond to the circumstances of the organization's dynamic environment and it is about planning because it involves intentionally setting goals and developing an approach to achieving those goals. Strategic management includes environmental scanning, strategy formulation, strategy implementation and evaluation and control.

2. Describe the components of an SWOT analysis?

SWOT analysis is a critical set of steps in a planning exercise to perform internal assessments (strengths and weaknesses) and external assessments ...

Solution Summary

What SWOTT analysis and strategic control are is discusses. The eight steps to a communication plan is determined.

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