STRATEGIC MANAGEMENT 17 STRATEGIC MANAGEMENT Strategic Management Name of the University Name of the student Name of the university
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STRATEGIC MANAGEMENT 17 STRATEGIC MANAGEMENT Strategic management Name of the student Name of the university Author note Introduction 2 Determination of the business strategies 2 Environmental analysis 3 Resource and competence analysis 4 Argument for the strategic direction 6 Development of the strategy plan 6 Vision and mission statement 6 Gathering information 7 Formulation of the strategy 8 Key performance indicators 9 Strategic implementation plan 10 Communication method 11 Monitoring and evaluation process 12 Conclusion 13 Organizational Reference 15 Introduction Effective process of strategic management is important for the business entities in order