MGT/498

500+ word count Discussing the strategic management process –

Answer the following in your reply:

1. Describe the primary components of a strategic management process.

2. Indicate why a strategic management process is needed for a company to be successful.

3. Research 1 or more companies and describe the strategic management process that the company uses

Also comment on:

1. What is a strategic vision and why is it important to this process?

2. What is benchmarking and why do you think it is critical to do this in the strategic management process?

3. Why should an organization include social responsibility as part of their strategy management process?