5 Main Tasks of Strategic Management Process

The strategy-making/strategy-implementing process consists of five interrelated managerial tasks. These are as follows:

a) Setting vision and mission:

Where the organization is headed, so as to provide long-term direction, defining what kind of enterprise the company is trying to become and infuse the organization with a sense of purposeful action.

b) Setting objectives:

Converting the strategic vision into specific performance outcomes for the company to achieve.

Fideles Christian School - New | Mission and Vision

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c) Crafting a strategy:

Achieving the desired outcomes.

d) Implementing and executing the chosen strategy:


Implementing and executing efficiently and effectively.

e) Evaluating performance and initiating corrective adjustments:

Vision, long-term direction, objectives, strategy, or execution in the light of actual experience, changing conditions, new ideas, and new opportunities.

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