Now kids, let’s see strategic management process or a model In this chart now here in very first step you can see we have to move just according to those numbers right which I have written down and sometimes it may even happen that you have to come back to that origin again, so let’s see the very first step of what environmental analysis right diagnose to find out you come to know what’s happening in the environment and based on that you develop strategic vision right and after developing strategic vision, define business mission or purpose that what we want to do and what are we right and after that we move to setting corporate objectives goals the next step formulation and evaluation of strategic options and choice of strategy, we come up with different, different plans to achieve those objectives or goals out of which we select best of the best and implementation of the strategy takes place, after implementation, monitoring and reveal of strategy will take place, right bachalog, we start again !!!!

First we do the diagnosis, we analyze the environment, after doing that we develop vision, after we come up with mission statement, after that we come up to setting up corporate calls, next formulation and evaluation of various strategic options and select the best, implement that strategy, monitor and reveal the same strategy, then next recycle the process and which may take straight to appraisal of internal capabilities which may take you to, right closer and closer towards yaa correct, right vision and sometime it may happen that you have to redefine mission right let’s see again monitoring and revealing strategy which takes you to recycling the process after that appraisal, right of internal capabilities