2.2 Strategic Management Process Flow Chart

Figure 2.1 shows an example of the strategic management process as represented by a flow chart. Note that, as suggested above, the elements in strategic management can be broadly grouped into three categories: formulation, implementation, and evaluation. Within the formulation stage, a number of discrete steps are required. We will cover these steps in the following pages.

Figure 2.1 Strategic Management Process Flow Chart
David, Fred R., Strategic Management: Concepts, 9th Edition, ©2003.
Electronically reproduced by permission of Pearson Education, Inc., Upper Saddle River, New Jersey.