Answered

Approach - focuses on principles to manage organizations efficiently.
Behavioral Approach - emphasizes the importance of understanding human behavior in the workplace.
Quantitative Approach - utilizes quantifiable data for decision-making.
Contingency Approach - suggests that there is no one best way to manage; it depends on the situation.

26. In your own words, describe the six steps in the strategic management process.

7. Discuss three reasons why strategic management is important.

1 point



Answer :

GinnyAnswer

Final answer:

Strategic management involves six key processes that include setting goals, scanning the environment, formulating strategy, implementing plans, evaluating progress, and fostering continuous improvement.


Explanation:

Six Strategic Management Processes:

  1. Identifying the organization's purpose and goals.
  2. Environmental scanning to assess internal and external factors.
  3. Strategy formulation to develop plans for achieving goals.
  4. Strategy implementation by putting plans into action.
  5. Strategy evaluation to monitor progress and make adjustments.
  6. Ensuring continuous improvement and adaptation.

These processes are crucial for effectively managing organizations and achieving success.


Learn more about Strategic Management Processes here:

https://brainly.com/question/38339099


Other Questions