What Are the Five Major Components of the Strategic Management

question 66

Essay

What are the five major components of the strategic management process that are relevant to strategy formulation?
Then use a SWOT format to identify for your company or future company its mission,strengths,weaknesses,opportunities,and threats.

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Definitions:

Strategy

A plan of action designed to achieve a long-term or overall aim.

Risk-Free Rate

The theoretical rate of return of an investment with zero risk, serving as a baseline for assessing the risk and return on other investments.

Stock Option

A derivative financial instrument that gives the holder the right to buy or sell a stock at a specified price before a certain date.

Time to Expiration

Time to expiration refers to the duration until the expiry date of a derivative contract, such as options or futures, impacting its value and the strategies of investors holding or trading it.