stages of strategic management process
The Five Stages of the Strategic Management Process. The strategic management process can help grow your business. BananaStock/BananaStock/Getty Images. The strategic management process is more than just a set of rules to follow.It is a philosophical approach to business.Upper management must think strategically first, then apply that thought to a process. The strategic management process is best implemented when everyone within the business understands the strategy.The five stages of the process are goal-setting, analysis, strategy formation, strategy implementation and strategy monitoring.t is a philosophical approach to business. Upper management must think strategically first, then apply that thought to a process. The strategic management process is best implemented when everyone within the business understands the strategy.