Long description
The chart shows a closed loop comprising the following steps. The steps are also mapped to chapter numbers.
The steps in sequence are:
Develop Vision and Mission Statements (Chapter 2)
Establish Long-Term Objectives (Chapter 5)
Generate, Evaluate and Select Strategies (Chapter 6)
Implement Strategies—Management Issues (Chapter 7)
Implement Strategies—Marketing, Finance, Accounting, R and D, and MIS Issues (Chapter 8)
Measure and Evaluate Performance (Chapter 9)
Perform External Audit (Chapter 3) and Perform Internal Audit (Chapter 4) are shown to impact the process, between the steps related to Chapter 2 and Chapter 5.
The chart shows that from “Measure and Evaluate Performance”, feedback goes to each of the steps.
The entire closed ...
Get Strategic Management: A Competitive Advantage Approach, Concepts and Cases, 16/e now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
