The final component of the strategic management process is crafting the organization's mission statement, which provides the framework-or context-within which strategies are formulated.

Question

Quizplus · Accepted Answer

The final component of the strategic management process is not crafting the organization's mission statement; rather, it involves strategy implementation and evaluation. The mission statement is typically developed at the beginning of the strategic management process to define the organization's purpose and primary objectives.

The Final Component of the Strategic Management Process Is Crafting