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Test 3 Essay Question 1

Test 3 Essay Question 1

Q Answer the essay question. Each of the essay questions should be answered in approximately 1 page, double spaced, size 12 Times Roman font. Please type and submit as an uploaded Word file. This is the same type of submission as your other chapter assignments. Discuss the systematic process of effective strategy development. Chapter 11

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There are a variety of various techniques for strategic planning, depending on the type of business and the level of granularity required. The majority of strategic planning cycles may be outlined using these five steps: 1. Identify The initial phase of a strategic planning cycle involves determining a company's current strategic position. Stakeholders use the current strategic plan, which contains the stated mission and long-term strategic goals, to assess the organization and its surroundings.