Drag the words into the correct boxes Strategic Formulation, Implementation and Evaluation are the steps for the In the formulation part of the process, after analyzing the current state of the business, managers decide on a plan, how to allocate resources, and involves developing a solid structure to implement the formulation part Effective strategy of the process. operational levels Strategic planning importance Strategic Planning Process measuring performance effective whether to take action or not communication effectiveness implementation commitment Strategy evaluation involves three crucial activities: reviewing the internal and external factors affecting the implementation of the strategy, , and taking corrective steps to make the strategy more effective. All three steps in strategic planning occur within three hierarchical levels: upper management, middle management, and It is imperative to foster and interaction among employees and managers at all levels, so as to help the firm to operate as a more functional and team. helps formulate better strategies using a logical, systematic approach. Strategic planning helps managers and employees show to the organization's goals. Increased dialogue and communication across all stages of the process strengthens employees' sense of and in the company's overall success