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Strategic Management Worksheet MGT/401 Version 2 |
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University of Phoenix Material
Strategic Management Worksheet
Complete each section below. Be sure to cite your sources when necessary (including all uses of the textbook).
1. Strategic Management Process
Identify how each of the 9 steps of the Strategic Management Process applies to your business or the one you plan on starting. This should be a total of no more than 700 words.
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Application to your current or future business
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Step 1: Develop a Clear Vision and Translate it into a Meaningful Mission Statement |
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Step 2: Assess the Company’s Strengths and Weaknesses |
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Step 3: Scan the Environment for Significant Opportunities and Threats Facing the Business |
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Step 4: Identify the Key Factors for Success in the Business |
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Step 5: Analyze the Competition |
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Step 6: Create Company Goals and Objectives |
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Step 7: Formulate Strategic Options and Select the Appropriate Strategies |
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Step 8: Translate Strategic Plans into Action Plans |
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Step 9: Establish Accurate Controls |
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Copyright © 2015 by University of Phoenix. All rights reserved.
