Current_event_bu455.docx - Conner 1 Maralina N Conner Professor Jones BU 455 November 4 2019 Current Event 1 Stages of Strategic Management According to

Current_event_bu455.docx - Conner 1 Maralina N Conner...

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Conner 1 Maralina N Conner Professor Jones BU 455 November 4, 2019 Current Event 1: Stages of Strategic Management According to Marcia Moore, the author of “Four Phases of Strategic Management,” strategic management is ongoing process organizations apply to analyze internal processes and resources that deliver these products. The author discussed the four strategies in-depth, which allowed me to have a better understanding of the required textbook reading for the week. Step one is known as defining your mission and vision. This stage consists of identifying three key facets: short- and long-term objectives, identify the process of how to accomplish your purpose and customize the process for your staff. In this stage it is imperative that the goals need to be specific, realistic, and match the values of the organizations' vision. Step two is described as gather and analyze information( SWOT analysis). The analysis is a fundamental stage because the data calculated in this stage will shape the next two steps. The de-
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