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Strategic management process usually consists of _________steps.

Strategic management process usually consists of _________steps.

A. Four
B. Five
C. Six
D. Seven

The five stages of the process are goal-setting, analysis, strategy formation, strategy implementation and strategy monitoring.

  • Clarify Your Vision. The purpose of goal-setting is to clarify the vision for your business. …
  • Gather and Analyze Information.
  • Formulate a Strategy
  • Implement Your Strategy
  • Evaluate and Control