Description
Small Business Management – Discussion 2
“Strategic Management”
- Analyze the steps involved in developing a strategic plan for a company and determine which step is the most difficult to get right. Explain your rationale.
- From the e-Activity, determine how you would leverage the support provided by the U.S. Small Business Administration in planning and starting your own business. Provide specific examples to support your response.
- E-Activity: Visit the U.S. Small Business Administration, located at www.sba.gov, and determine what strategic management support is available to small businesses. Be prepared to discuss.
***This is a discussion, NOT a paper. Need 2 strong paragraphs and references. ***
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Explanation & Answer
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The key steps of strategic plan process are environmental analysis, setting the vision, strategy
formulation, strategy implementation, and feedback. The most difficult step to get right is
strategy implementati...
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