Strategic Management Discussion
Description
Discuss the logical arrangement of the various components and phases of the comprehensive strategic management model. Answer the challenge questions and respond to at least one of your classmates. Be sure to justify your answers.
Challenge Questions:
What are the three stages or phases in strategic management?
Which stage is more analytical?
Which relies most on empowerment to be successful?
Which relies most on statistics?
Purpose:
By completing this activity, you should be able to understand the logical arrangement of the strategic management model and the three phases. You will also be able to identify the three fundamental strategy-evaluation activities: (1) reviewing external and internal factors that are the bases for current strategies, (2) measuring performance, and (3) taking corrective actions.
Part 1(a). Should be at least 500 words with in-text citations. Use at least