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Arrange the following stages of the strategic management process in chronological order from first to last: - Implement strategy through policies, processes, and resource allocation - Analyze internal capabilities and external environment - Evaluate performance results and adapt to changes - Establish vision, mission, and strategic goals

Answer

Establish vision, mission, and strategic goals, Analyze internal capabilities and external environment, Implement strategy through policies, processes, and resource allocation, Evaluate performance results and adapt to changes

Explanation

### Why this is right An organization first establishes what it wants to achieve, then analyzes its situation, carries out plans, and evaluates progress. Evaluation can inform the next planning cycle. ### The order 1. **Set vision, mission, and goals**: Strategic direction and objectives establish what the organization is trying to accomplish. 2. **Analyze capabilities and external threats**: Analysis identifies internal strengths or limitations and conditions that may affect the plan. 3. **Execute plans through policies, processes, and technologies**: Execution turns the plan into organizational action. 4. **Evaluate progress and adapt to changes**: Review checks results and identifies adjustments. ### Terms - **Vision**: A statement of where the organization wants to go. - **Mission**: A statement of why the organization exists or what it is intended to do. - **SWOT analysis**: An analysis of strengths, weaknesses, opportunities, and threats. ### Remember Set direction, analyze the situation, act, and then evaluate.

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