strategic planning and strategic management 25

***Please use ORIGINAL (I got busted for plagiarism in my last class bc of reused improperly formatted references) SCHOLARLY references, properly formatted to APA 6th ed. Please get at least one reference form the text book (Strategic Management: Concepts and Tools for Creating Real World Strategy By Jeff Dyer et al. ch. 1-3) if AT ALL possible. As per APA 6th ed. each bullet point should have its own heading.***

Purpose of Assignment

The purpose of this assignment is to help students understand strategic business terminology (vision, mission, goals, objectives, specific objectives, internal and external scanning), to recognize the components of a strategic plan and to be familiar with the core information and steps needed to create a strategic plan. Furthermore, this assignment allows students to recognize the difference between strategic planning and strategic management.

Assignment Steps

Write a 700-word analysis in which you complete the following:

• Describe and define the primary components of the Strategic Management Process.
• Describe and define internal and external analysis.
• Describe and define the responsibilities and duties of the Strategic Manager.
• Explain why companies need strategic management planning.

Cite three scholarly references, including at least two peer-reviewed references from the University Library.