Hello Professor, I need your help.
I tried to find these three interrelated terms in notes but remained unsuccessful.
Can you explain me these three terms briefly
1. Strategic Analysis
2. Strategic Choice
3. Strategic Implementation.
Please also tell me that is this a sequence (1 then 2 and 3) or can be random?
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Strategic Management
4y ago#1No, it's 1, 2, 3
Analysis = collect information and analyse your situation eg environment, competitors etc.
Choice = based on the information and analysis make your choice eg move manufacturing abroad v keeping it on-shore; moving out or products and into services.
Implementation = carry out your chosen strategy.
Thank you :)
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