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Can I conclude it as 3 process of strategy? Whatever it is, it still the 3 steps that need to be done by strategist out there when doing strategy planning.
Strategy Formulation
- Vision & Mission
- External opportunities and threats
- Internal strengths and weaknesses
- Long term objective
- Alternative strategies
- Strategy selection
Strategy Implementation
- Annual objectives
- Policies
- Employee motivation
- Resource allocation
Strategy Evaluation
- Internal review
- External review
- Performance measurement
- Corrective action
As for strategists, the data that had been gathered, need to be analysed and organised. Otherwise, it will bring no value to the data itself.
