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Management
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The analysis activity in the strategic management process. Why is it important for strategic managers?

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1)     Briefly discuss the analysis activity in the strategic management process. Why is it important for strategic managers?     

The three key attributes in the strategic management process are analyses, decisions, and actions.  Analyses, also called strategy analysis, refers to managers, development of an understanding of the organization’s internal and external environment, and the organization’s overching goals.  These understandings are an important prerequisite for the strategic management process. 

Decisions, also called strategy formulation, refer to the overall plans that firms develop to compete and outperform their arrivals.  These plans exploit the results of amylases, in that firms try to use their strengths, limit weaknesses, exploit opportunities, and defend against threats simultaneously. 

Actions, also called strategy implementation, refer to ensuring that proper strategic controls and organizational designs are put in place to carry out the strategy.

The interdependent nature of these activities stems from various feedback mechanisms that occur as mangers implement their firm’s strategies.  Unforeseen environmental developments, unanticipated resource constraints, and or changes in managerial preferences will force firms to modify their intended strategy, combining it with an emergent strategy, and resulting in a realized strategy..

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Management
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Management
Briefly discuss the analysis activity in the strategic management process. Why is it important for strategic managers?
The strategic management process involves various steps, namely, decisions, actions, and analysis. The analysis stage is an important step since it entails gaining knowledge and information about the organisation and attaining its vision and objectives. The analysis is important for managers to get insights that would be useful when making strategic decisions. The analysis considers all aspects of the business, whether external or internal, which can impact it and be applied when making decisions.
The decisions are also known as strategy formulation, which is important for managers. The decisions entail coming up with the organization’s objectives, vision, and goals and then choosing the best plans ...
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