The Strategic Management Process Includes Strategy Analysis,strategy Formulation,and Strategy Implementation

question 65

Essay

The strategic management process includes strategy analysis,strategy formulation,and strategy implementation.Discuss each of these steps.

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Definitions:

Gifted

Possessing high intelligence (an IQ of 130 or higher) and/or superior talent in a particular area.

Superior Talent

An exceptional or outstanding ability in a particular area or domain, significantly surpassing the average individual's capabilities.

IQ

Intelligence quotient, a measure of a person's intellectual abilities in relation to the average performance of individuals in a given age group.

Culture Bias

The tendency to interpret or judge phenomena based on one's own cultural norms and values.