Question: describe the basic steps in strategic planning and goal formation. A) Determining the organization's strategic position. 2) Prioritizing the organization's objectives. 3) Developing the organization's

describe the basic steps in strategic planning and goal formation.

A) Determining the organization's strategic position.

2) Prioritizing the organization's objectives.

3) Developing the organization's strategic plan.

4) Executing and managing the organization's strategic plan.

5) Review and revised the organization's strategic plan.

2. Why is there an ever-growing need for strategic management among MNC's?

3. What environmental factors would have the most impact on a retail chain wanting to expand overseas?

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