Describe the strategic-management process. Discuss the three stages of activities for strategy formulation, implementation, and evaluation activities.

OVERVIEW OF STRATEGIC MANAGEMENT

After studying this chapter, you should be able to do the following:
1-1. Describe the strategic-management process.
1-2. Discuss the three stages of activities for strategy formulation, implementation, and evaluation activities.
1-3. Explain the need for integrating analysis and intuition in strategic management.
1-4. Define and give examples of key terms in strategic management.
1-5. Describe the benefits of engaging in strategic management.
1-6. Explain why some firms do not engage in strategic planning.
1-7. Describe the pitfalls in doing strategic planning.
1-8. Discuss the connection between business and military strategies.
1-9. Explain how this course can enhance a student’s employability