STRATEGIC MANAGEMENT - created from Mind Map

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What is strategic management?

The strategic management process

Importance of Strategy in Business Organization

strategy formulation

competitive advantage

evaluation of the implementation

environmental scanning process

strategy implementation and monitoring

1. Developing a Strategic Vision

2. Setting Objectives

3.Crafting a Strategy to Achieve the Objectives and Vision

4.Implementing and Executing Strategies

5.Evaluate Performance

set critical strategy

awareness of dissatisfaction

strategic

financial

PESTLE & SWOT

making corrective adjustment

evaluate the company progress

management needs

Strategy-focused entreprise

improving financial performance

game plan to please customer

revenue growth,earnings and return on investment

strong bottom line performer