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Unformatted text preview: and vision goals. Management should analyze the external opportunities and threats as well as the internal strengths and weakness. A SWOTT analysis should be devised to help summarize the facts and forecasts that derived from the external and internal analyses. Next, the plan needs to be implemented into the business effectively and effciently. The final function of management in strategic planning is to create a system where there is strategic control. The goal of the strategic management is to pursue and identify the organization’s mission by aligning the organization’s internal capabilities with the external demands of the environment....
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This note was uploaded on 03/22/2011 for the course MGT 330 taught by Professor Smith during the Spring '05 term at Walden University.
- Spring '05