Strategic Planning and Strategic ManagementStrategic Planning and Strategic Management

PLEASE READ CONTENT CAREFULLY AND DO ALL PARTS

MUST BE NEW AND ORIGINAL WORK NOT GIVEN TO OTHER STUDENTS. Write in a clear, concise, and organized manner; demonstrate ethical scholarship in the accurate representation and attribution of sources; and display accurate spelling, grammar, and punctuation. Include citations in the text and references at the end of the document in APA format.PLEASE READ INSTRUCTION CAREFULLY. IN TEXT CITATION AND MUST CITE ALL REFERENCE IN APA FORMAT

Purpose of Assignment 

The purpose of this assignment is to help students understand strategic business terminology (vision, mission, goals, objectives, specific objectives, internal and external scanning), to recognize the components of a strategic plan and to be familiar with the core information and steps needed to create a strategic plan. Furthermore, this assignment allows students to recognize the difference between strategic planning and strategic management. 

Assignment Steps 

Write a 700-word analysis in which you complete the following: 

• Describe and define the primary components of the Strategic Management Process.
• Describe and define internal and external analysis.
• Describe and define the responsibilities and duties of the Strategic Manager.
• Explain why companies need strategic management planning. 

Cite 3 scholarly references, including at least two peer-reviewed references from the University Library.