stages, namely: formulating, implementing and evaluating strategies, as illustrated in Figure 2. Its strategic formulation framework comprising of: mission and vision formulation, opportunity and challenge identification, company’s superiority and weakness, and long term target determination. Performing External Audit Developin g Vision & Mission Statement Establishing Long-Term Objectives Generating, Evaluating, & Selecting Strategies Implementing StrategiesMgt Issues Implementin g…
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