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Str 581 Week 1

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Running head: VALUES STRATEGY 1

Values Strategy

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VALUES STRATEGY 2

Introduction

Strategic management process is defined as the method which the company utilizes to

define its strategy. It is an ongoing process which the company selects to execute some of the

strategies, provides the detail of information plan and regularly appraises the success of

execution with the help of regular assessment. The steps of the strategic management process are

the environmental scanning, strategic formulation, strategic implementation and strategic

evaluation. The organization I am currently working is Dell, an IT organization. The company

designs develop and sell computer hardware software and consumer electronics.

The Strategic Management Process

The strategic management process components are explained below. Environmental

scanning deals with collection of data for the strategic reasons. It assists in analyzing various

factors which affect the organization the factors can be internal or external. Strategic formulation

is the procedure which helps in deciding the best action which helps in achieving the

organizational goals and objectives after conducting environmental scanning. After formulation

stage is the strategic implementation which is based on the action to be taken for the strategy

within the organization. It deals with designing of the structure of organization dissemination of

resources deciding the procedure for making decision and handling the human resource.

Strategic evaluation is the last stage of strategic management process. Which deals with the

evaluation of strategy is implemented in the previous stage. The basic purpose is to take

corrective actions or measures which can achieve the organizational objectives as stated. (Hill &

Jones, 2010)

Strategic management process components for the organization

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Running head: VALUES STRATEGY 1 Values Strategy Instructor name Submitted by Date VALUES STRATEGY 2 Introduction Strategic management process is defined as the method which the company utilizes to define its strategy. It is an ongoing process which the company selects to execute some of the strategies, provides the detail of information plan and regularly appraises the success of execution with the help of regular assessment. The steps of the strategic management process are the environmental scanning, strategic formulation, strategic implementation and strategic evaluation. The organization I am currently working is Dell, an IT organization. The company designs develop and sell computer hardware software and consumer electronics. The Strategic Management Process The strategic management process components are explained below. Environmental scanning deals with collection of data for the strategic reasons. It assists in analyzing various factors which affect the organization the factors can be internal or external. Strategic formulation is the procedure which helps in deciding the best action which helps in achieving the organizational goals and objectives after conducting environmental scanning. After formulation stage is the strategic implementation which is based on the action to be taken for the strategy within the organization. It deals with designing of the structure of organization dissemination of resources deciding the procedure for making decision and handling ...
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Tags: STR/581 STRATEGIC PLANNING & IMPLEMENTATION