11/5/2023 0 Comments Bcg matrix of apple![]() Vision and Mission (The target of the business) Strategy formulation Includes developing:. Strategy formulation means a strategy formulate to execute the business activities. Strategy Evaluation Strategy Formulation: Strategic Management is comprised of its three main processes which manager of an organization has been familiar with. This is an ongoing process which keeps changing according to the circumstances and requirements of the internal and external environments but it keeps moving towards to achieve its predefined organizational goal. “The on-going process of formulating, implementing and controlling broad plans guide the organizational in achieving the strategic goods given to its internal and external environment” The steps that are taken till now are being monitored to make sure that they have been carried out in the most efficient manner possible to achieve organizational predefined goal as described in the mission statement which directs the strategic management process. Strategic Management is nothing else but plans defined by the management of an organization to achieve a long term goals which are predefined and monitored towards reaching the organization’s goal. Get Essay Help What is Strategic Management?
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