CHAPTER 3 Flashcards
1
Q
Process of identifying and executing the organization’s strategic plan by matching the company’s capabilities with the demands of environment
A
Strategic Management Process
2
Q
Step in management process that talk about what an organization wants to achieve and must specific and measurable in terms
A
Setting Objectives (first step)
3
Q
Step in management process
- Planning is essentially focused on the future, and there are certain events which are expected to affect the policy formation
A
Making basic planning forecasts (second step)