Posted: March 29th, 2022
Need an research paper on project managment. Needs to be 4 pages. Please no plagiarism. The processes of formulation, implementation and evaluation form the three key stages that define strategic management process. Activities that are involved in the formulation process include the setting up of firm’s vision and mission, and performing an environmental scan in to identify the external opportunities and strengths. As regards the process of implementation, activities that are involved include budget preparations, developing a strategy-supportive culture and creating the right organizational culture. The evaluation stage involves measuring and evaluating performance in to determine the viability of the project. With the ever-changing environmental factors, change is inevitable for any strategy developed. As such, a review of internal and external factors is always necessary as well as taking corrective actions. How project management in integrated into strategic management process Given the high level of importance that has been attached to strategic management process, necessary tools have to be put in place to ensure the success of this process. According to (Macmillan
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