Examlex
Which of the following best describes the practice used by McDonald's when it hired mystery shoppers to assess stores' internal speed standards
Strategic Management Process
A systematic approach to planning and executing the strategy of an organization, involving stages such as analysis, formulation, implementation, and evaluation of strategic goals.
Strategic Plans
Strategic plans are comprehensive, future-oriented outlines that specify an organization's vision, goals, and methods to achieve these goals, considering both internal and external environments.
Situational Analysis
The process of assessing an organization's internal and external environment to understand its capabilities, customers, and business environment.
Grand Strategy
A comprehensive plan of action developed by a state or organization to achieve long-term objectives and fulfill overarching goals.
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