Strategic Management Plan
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Strategic Management Plan (SMUnit 3 of 4) INSTRUCTIONS:
Determine which stage of the strategic management plan is the easiest. Defend your choice and explain why using at least two examples and detail where applicable. Your response should be at least 200 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
CONTENT:
BBA 4951, Business Policy and StrategySMUNIT 3: Strategic Management PlanNameCourseInstructorDate The easiest stage of the strategic management plan is strategic formulation where decisions are made and there is planning. Having already gathered information, an organization is already aware of the strength, weaknesses, opportunities and threats to its operations. Thus, strategy formulation is straight forward and the organization can attain competitive advantage by carefully utilizing the strategies chosen. The strategies chosen might focus on differentiation or cost, so long as they improve competitive advantage. Strategy formulation requires coordination among few people unlike strategy implementation, but al...
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