which of the following is the first step of strategic management process? group of answer choices vision and mission statements create and choose strategies strategic analysis measure and evaluate performance develop objectives

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08-11-2022
Business

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which of the following is the first step of strategic management process? group of answer choices vision and mission statements create and choose strategies strategic analysis measure and evaluate performance develop objectives

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pragyavermav1 pragyavermav1 · Answer 1 · 2022-11-10T14:19:44-05:00

The first step of the strategic management process is to measure and evaluate the performance.

Strategic management sets a course for the corporation and its personnel. In contrast to once-and-done strategic plans, powerful strategic control continuously plans, monitors, and checks an employer's sports, resulting in more operational performance, market proportion, and profitability.

The maximum critical element of strategic management revolves around the concept of figuring out and knowledge of unique corporation desires. Placing quick time period goals is an excellent way to start, as they act as an immediate blueprint for reaching long-term targets.

Strategic control is essential because it allows companies to rationalize alternate and actualize change and talk about the need to exchange higher to its personnel. Eventually, strategic control facilitates bringing order and area to the sports of the firm in its each internal processes and external activities.

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