Term
| Define Strategic Management |
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Definition
| The application of the basic planning process at the highest levels of the company |
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Term
| What are the 3 phases to the Strategic Management Approach? |
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Definition
1. Formulating Strategy
2. Mission Statement
3. Evaluation |
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Term
| What are concise statements that provide direction for employees and set standards for achieving the company's strategic plan. |
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Definition
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Term
| What are Policies within a company? |
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Definition
| Policies are broad general guides that establish boundaries within employees must operate. |
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Term
| This is a detailed series of related steps or tasks written to implement a policy. |
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Definition
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Term
| SWOT Analysis ~ What does SWOT stand for? |
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Definition
| Strengths, Weaknesses, Opportunities, and Threats |
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Term
| This is the action stage of strategic managment |
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Definition
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Term
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Definition
| The process of continuously monitoring the company's progress toward its long-range goals and mission. |
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