Strategic Planning Process: How Corporates make Business Strategies

In 1970s, businesses adopted a systematic top-down approach to build business strategies and further communicate strategies to executives at the bottom rung of the corporate ladder. It’s a step-by-step process involving essentials 6 steps which are as follows. 1. Mission 2. Objectives 3. Situation analysis 4. Strategy formulation 5. Implementation 6. Control As you may …

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