Strategic management model
Diagram of the overall concept of strategic management model is shown in the figure below. Particular attention should be paid to the functional information and feedback indicating the dynamic nature of strategic management in the enterprise.
After implementation such model should take into account changes in business environment and their impact on the realized strategy. In the extreme case mission of the company or its chief strategic goal could be modified or adapted.
- Dess, G. G., Lumpkin, G. T., & Eisner, A. B. (2010). Strategic management: Text and cases.
Author: Krzysztof Wozniak