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What Five Major Components of the Strategic Management Process Are

question 96

Essay

What five major components of the strategic management process are relevant to strategy formulation?


Definitions:

Reporting Relationships

Describes the formal lines of authority and communication between various positions and divisions within an organization.

Diagrams

Visual representations of information, processes, or systems, using shapes, lines, and symbols to convey relationships or data.

Flow of Work

The sequence and progression of tasks or activities within a project or operational process, aiming for efficient completion and productivity.

Tags

Keywords or terms assigned to pieces of information, such as digital documents, to facilitate searching and organization.

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