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Planning (strategy management process (STEP3: doing an internal analysis,…
Planning
strategy management process
STEP3: doing an internal analysis
STEP4: formulating strategies
STEP2: doing an external analysis
STEP5: implementing strategies
STEP1: identify the organization's current mission
STEP6: evaluating results
the reasons managers should plan
reduce uncertainty
reduces overlapping and wasteful activities
establishes coordinated effort
establishes the goals or standards
corporate strategy
stability strategy
growth strategy
renewal strategy
planning
informal planning
formal planning
contemporary planning issues
environmental scanning
dynamic environments
competitive strategy