Strategic management process usually consists of _________steps.
Correct answer: B. Five
- A. Four
- B. Five
- C. Six
- D. Seven
Explanation
A commonly taught strategic management process has five steps: defining the mission and goals, analysing the environment, formulating strategy, implementing it, and evaluating results. Some textbooks use different subdivisions, but five is the standard presentation here.
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About Principles of Management
Management principles explain how organisations set objectives and coordinate people and resources to achieve them. Coverage includes planning, organising, staffing, directing, coordinating and controlling, along with authority, responsibility, delegation, span of control and the levels of management. These functions are related but not interchangeable, especially planning and controlling.
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