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Stage
Stage Stage Stage
Stage 5
Evaluating and
1 3
Crafting a 4 analyzing the
Developing 2
Setting strategy to Executing
a strategic achieve the Strategy external
Objectives environment
vision,missi objectives
onand and move and the compay
the company s internal
values along the situation to
intended
identify
path
corrective
adjustments
Stage 1: Developing a
Strategic Vision, a Mission,
and Core Values
Financial Strategic
Performan Performan
ce ce
Stage 3: Crafting Strategy
Crafting Strategy is a
collaborative team effort that
includes managers in various
positions and at various
organizational leves.
Stage 4: Implementing and Executing
the Chosen Strategy
Managements
Managements action
action agenda
agenda for
for
executing
executing thethe chosen
chosen strategy
strategy emerges
emerges
from
from assessing
assessing what
what the
the company
company will
will
have
have to
to do
do to
to achieve
achieve the
the targeted
targeted
financial
financial and
and strategic
strategic performance
performance
Stage 5: Evaluating Peformance and
Initiating Corrective Adjustments