[SOLVED] Reconcile the strategic decision-making process

Reconcile the strategic decision-making process depicted in Fig. 1.5 with the strategic management model depicted in Fig. 1.2. Figure 1.5:

Figure 1.2:

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FIGURE 1-5 3(a) 3(b) Strategic Decision- Making Process Scan and Assess Extemal Environment: Analyze External Factors: •Natural •Societal • Task •Opportun- ities •Threats 1(a) 1(b) 5(a) Examine and Review Select Strategic Factors Evaluate the Corporate Governance: Evaluate Current Performance Current •Mission •Objectives •Strategies •Policies • Board of Directors in Light of Current Situation Results *Тop Man- agement 4(a) 4(b) Scan and Assess Intemal Analyze Internal Factors: Environment: *Structure •Strengths •Weak- • Culture •Resources nesses Strategy Formulation: Steps 1-6 FIGURE 1-2 Strategic Management Model Environmental Strategy Formulation: Strategy Implementation: Evaluation and Control: Scanning: Gathering Information Developing Long-range Plans Putting Strategy into Action Monitoring Performance External Mission Reason for existence Natural Environment: Resources and climate Objectives What results to accomplish by when Strategies Societal Environment: General forces Plan to achieve the mission & objectives Policies Broad guidelines for decision making Programs Task Environment: Industry analysis Activities needed to accomplish a plan Budgets Cost of the Internal Procedures programs Structure: Chain of command Sequence of steps needed to do the job Performance Culture: Actual results Beliefs, expectations, values Resources: Assets, skills, competencies, knowledge Feedback/Learning: Make corrections as needed

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Question: Reconcile the strategic decision-making process

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