Upon successful completion of this unit, you will be able to:

  • apply the steps in the strategic management process, including strategic analysis, strategic formulation, strategic implementation, and strategic evaluation and control;
  • explain how resource allocation, such as time and financial capital, is fundamental to business strategy implementation;
  • explain how factors such as entrepreneurial orientation and learning organizations constitute a business' culture; and
  • determine which measurement techniques and evaluation criteria would be most appropriate for a given business and ethics strategy.