Strategic Management Processes

Question 1

1.  Mission: defines the organization’s purpose, reason for existence and what it strives to accomplish

 Vision: Describes the desired future state of the organization, often aspirational and inspiring

Answer 1

Mission and Vision Formulation

Question 2

2.  PESTEL Analysis: examines political, economic, technological, environmental and legal factors that may impact the organization
    Industry Analysis: evaluates the competitive landscape using tools like Porters Five Forces
    Competitive Analysis: identifies and assess competitor’s strengths, weaknesses, strategies and market positioning

Answer 2

External Environmental Analysis

Question 3

3.
 SWOT Analysis: identifies an organization’s strength,
weaknesses, opportunities and threats

Answer 3

Internal Environmental Analysis

Question 4

4.  Corporate Strategy
    Business Strategy
    Functional Strategy

Answer 4

Strategic Formulation

Question 5

4.  Corporate Strategy
    Business Strategy
    Functional Strategy

Answer 5

Strategic Formulation

Question 6

5.
 Organizational Structure: aligns the organization’s structure with its strategy to facilitate efficient and effective
operations
 Human Resource Management: ensures that the organization has the necessary talent and skills to execute its
strategy
 Strategic Control: assesses the organization’s performance against its strategic objectives
 Strategic Review: regularly evaluates the effectiveness of the organization’s strategy and makes necessary adjustments.

Answer 6

Strategic Implementation

Question 7

 aligns the organization’s structure with its strategy to facilitate efficient and effective
operations

Answer 7

Organizational Structure

Question 8

 ensures that the organization has the necessary talent and skills to execute its
strategy

Answer 8

Human Resource Management

Question 9

 assesses the organization’s performance against its strategic objectives

Answer 9

Strategic Control

Question 10

 regularly evaluates the effectiveness of the organization’s strategy and makes necessary adjustments.

Answer 10

Strategic Review