The 4 steps of strategic management are as follows:
- Environmental scanning
- Strategy formulation
- Strategy implementation
- Strategy evaluation
The types of change that you may examine in your organization include the following:
- Strategic:Sometimes, in the course of normal business operation, it is necessary for management to adjust the firm’s strategy to achieve the goals of the company, or even to change the mission statement of the organization in response to demands of the external environments.
- Structural:Organizations often find it necessary to redesign the structure of the company because of influences from the external environment.
- People-centered:This type of change is aimed at altering the attitudes, behaviors, skills, or performance of employees in the company.
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