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Strategic Management Process Overview

This document outlines the strategic management model. It includes boxes representing the key stages of strategic management: strategy formulation, strategy implementation, and strategy evaluation. Strategy formulation involves establishing long-term objectives, performing external and internal audits, and generating and selecting strategies. Strategy implementation deals with implementing strategies related to marketing, finance, management, and other issues. Strategy evaluation measures and evaluates organizational performance. The model illustrates the iterative process undertaken in real strategic management within organizations.

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Emy Rose Diosana
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84 views2 pages

Strategic Management Process Overview

This document outlines the strategic management model. It includes boxes representing the key stages of strategic management: strategy formulation, strategy implementation, and strategy evaluation. Strategy formulation involves establishing long-term objectives, performing external and internal audits, and generating and selecting strategies. Strategy implementation deals with implementing strategies related to marketing, finance, management, and other issues. Strategy evaluation measures and evaluates organizational performance. The model illustrates the iterative process undertaken in real strategic management within organizations.

Uploaded by

Emy Rose Diosana
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Module 1: Worksheet 2

The Strategic Management Model

Name: Emy Rose N. Diosana Course, Year, & Section: BSBA 3-D

Directions: Fill in the missing items on the graph below to complete Strategic Management Model.
After which, write your own understanding of the model on the space provided.

Chapter 10: Business Ethics/Social Responsibility/Environmental Sustainability Issues

Perform
External Audit
Chapter 3

Implement
Develop Vision Generate, Implement Strategies-
Establish Measure
and Mission Evaluate, Strategies- Marketing,
Long-Term and Evaluate
Statements and Select Management Finance,
Objectives Accounting, R&D Performance
Chapter 2 Strategies Issues Chapter 9
Chapter 5 and MIS Issues
Chapter 6 Chapter 7
Chapter 8

Perform
Internal Audit
Chapter 4

Chapter 11: Global/International Issues

Strategy Strategy
Strategy Formulation Evaluation
Implementation

What I understand about this model…

As I understand, this model provides managers and strategists a greater comprehension of the
iterative approach in conducting real strategic management in the organizational setting. Also, this
model illustrates the activities involved in the three stages of strategic management—the strategy
formulation, strategy implementation, and strategy evaluation. As I read, I noticed that the entire
process begins with the development of a vision and mission statement, then moves on to the term
objectives; generation, evaluation and selection of strategies; implementation of those strategies;
and measurement and evaluation of performance. Internal and external audits, on the other hand,
are conducted first before formulating long-term goals. In addition, the last step, which is the
assessment and measurement of performance, which incorporates the whole process.
Measurement, to put it another way. And not just at the final stage, but at all of those stages as
well.

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