Setting the discussion
In order to encourage our clients and partners to reflect on their practices with regards to their strategy, we have designed an exploratory framework that relies on the 20/80 Pareto principle to discuss the strategy anatomy.
Let’s start with a short review from recent research:
The whole strategic planning process includes environmental analysis, strategy formulation, implementation and control “(Tripes, Komarkova, Pirozek and Dvorak, 2014, p 332).
There are five building blocks to the strategic management process: vision and mission statements, external and internal analysis, strategy formulation, implementation and performance evaluation. (Rajasekar, 2013, p. 132).
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