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Four Major Processes of Strategic Management
• Environmental Planning: It incorporates checking, assessing and utilizing inside and outside elements that can influence a business' future.
• Strategy Formulation: Defining the corporate mission of an organization, determining the long haul business objectives and destinations, growing long haul systems for successful administration of natural chances and dangers, and setting approach rules are every one of the pieces of this progression of the vital administration process.
• Strategy Implementation: It incorporates creating projects, spending plans and methodology dependent on systems and approaches of an organization.
• Evaluation and Control: It is the way toward observing execution aftereffects of systems set up, and tweaking them whenever required.
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