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What is strategic evaluation and strategic control? Explain the process of strategic evaluation. (Answer in 1000 words)
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- V3 Explain the definition of Strategic Management Process, why it is important, and what are the elements/tasks involve in the process. Support your answer with an example.What is the difference between long-range planning and strategic planning? Explain your answer.Are “strategic management” and “strategic planning” synonymous terms?
- Using concepts/terms from the book, Management by Bateman, Snell, and Konopaske, 7th edition. Situation: Consider the major decision of changing from a General Business major to a Marketing Major Discuss the following questions: What was the decision you had to make? How did you go about creating alternative solutions (possible outcomes)? What was the process you used and was it similar to the formal planning steps noted in the chapter? Did the outcome meet expectations? (as planned, better, worse, mixed) Would you change the process you if you had to do it again, regardless of the current outcome?What is benchmark in strategic planning? Does American heart association as a healthcare organization use benchmarks? If so, which type(s)?What are the strategic planning time frames?