Business terminology
Purpose of Assignment
The purpose of this assignment is to help students understand strategic business terminology (vision, mission, goals, objectives, specific objectives, internal and external scanning), to recognize the components of a strategic plan and to be familiar with the core information and steps needed to create a strategic plan. Furthermore, this assignment allows students to recognize the difference between strategic planning and strategic management.
Assignment Steps
Write a 700-word analysis in which you complete the following:
Describe and define the primary components of the Strategic Management Process.
Describe and define internal and external analysis.
Describe and define the responsibilities and duties of the Strategic Manager.
Explain why companies need strategic management planning.
Cite 3 scholarly references, including at least two peer-reviewed references from the University Library.
……………..Answer preview………………………..
Components are the basic elements that make up something or make it be complete. The components of the project management are to start with is the environmental scanning this is the analysis of factors which surround the organization from the environment. These factors must be scanned to provide the accurate data which will enable the process of strategic management to bear fruit…………….
APA
945 words
