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:

General Corporation

A type of business organization that is legally separate from its owners, with the ability to own property, incur liabilities, and conduct business in its own name.

Advantages

Benefits or favorable factors that contribute to the success and competitiveness of a business, product, or individual.

Disadvantages

Refers to the negative aspects or downsides that are associated with a particular decision, action, or scenario.

Limited Liability Company

A form of business organization that combines the taxation approach of a sole proprietorship or partnership with the limited liability aspect of a corporation.