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What is strategic evaluation and strategic control? Explain the process of strategic evaluation. (Answer in 1000 words)
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Solved in 4 steps
- What is the difference between strategic objectives and a strategy?What is a grand strategy, and how does it relate to strategic objectives and the three levels of strategy?What is Strategic Management? Define and explain with your own words may cite examples to support the answer. Illustrate the level of strategic decision and identify who among the organization belongs to every level.
- If you were in charge of strategic planning for your organization, what changes would you make? Give at least (1) unique strategy in today’s world for nonprofit and profit organizations. When developing and implementing strategy, does the organization effectively balance short and long-term priorities? Why? Does the organization need several strategies for differentiation, innovation, customer alignment, and a detailed plan of forecasted strategies? Why? Please Answer this Thank You.3. Among the six elements of strategic thinking, which one do you think you strongly possess? Which one are you yet to develop? Explain your answer. 4. Why is it practical that both strategic analysis and intuitive thinking should be used? Explain your answer.1. Identify the major components of strategic planning, and explain how they are interrelated. 2. Explain how an organization can create a competitive advantage at the corporate strategy level and at the business-unit strategy level. 3. Whatare some issues to consider in analyzing a companyâs resources and opportunities? How do these issues affect marketing objectives and marketing strategy? 4. What is SWOT analysis and why is it important? 5. How can an organization make its competitive advantages sustainable over time? How difficult is it to create sustainable competitive advantages?
- Explain why the concept of competitive advantage is central to the study of strategic management.Compare and contrast vision statements with mission statements. Describe why a mission statement is so important in the strategic-management process.Who is Michael Porter? What is his argument as it relates to business strategy?The importance of vision and mission statement to be effective strategic management is well documented in the literature, although research results are mixed. True or false?
- How do vision and mission statements affect the strategic management process? Select an example of strong vision and mission statements and include them here. Why do you think these are strong statements? How do the statements contribute to a perception of company's overall competitiveness? Cite any sources used to support your answer.9.A manager has a clear knowledge of where the company needs to be at the end of the coming year and is in the process of identifying the goals that would lead the company to that desired position. Which stage of the strategic management process is being illustrated? A.Formulation B.Implementation C.Evaluation D.ObjectivesExplain the levels of involvement in strategic management and the role ofstaff at each level. How does the strategy hierarchy facilitate this?