Question: Ch . 2 . An organization forms strategic planning groups. They decide on a strategic direction by defining the company's mission and goals, external opportunities

Ch.2. An organization forms strategic planning groups. They decide on a strategic direction by defining the company's mission and goals, external opportunities and threats, and internal strengths and weaknesses. Next, functional groups decide on structuring the organization, allocating or reallocating resources, making sure that the firm has skilled employees in place, and developing reward systems that align employee behavior with the organizations strategic goals. What is this process known as?

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