Strategic Management Process Paper
Name
University of Phoenix
January 06, 2015

Strategic Management Process Paper Strategic management process is made of four steps that helps an organization meet goals and choose strategies that will help with achieving goal and have a better performance. The four steps in strategic management are Environmental Scanning, Strategy Formulation, Strategy Implementation and Strategy Evaluation. These steps are in Chronological order and are used in these order when creating a new strategic plan. Environmental Scanning is when the information is collecting, analyzing and providing data for the strategic plan. The analyzing of the data helps the factor, internal and external in influencing the organization which the plan is going to be for. Once the environmental analysis is process management should evaluate it and continue to improve it. Strategic Formulation is when the organization decides the best course of action for accomplishing the organizations objectives and achieving its purpose. Strategic Implementation is when the strategic plan is implemented making the strategic plan work or putting the plan into action. This step also includes the design of the organizations structure, making decisions and managing human resources. And the last Step of the strategic plan is Strategy Evaluation, this final step is when the organization evaluates the strategic plan and how successful it was. This step is done by measuring performance making any necessary corrective action and making sure that the implementation met the organizations objectives. Verizon wireless is the most profitable wireless carrier in the United States, they have develop a business strategy to be different from other carriers and to be “Nation’s Largest Wireless Network” and keeps working to globalize the organization by working with Vodafone which is the