The Strategy Making, Strategy-Executing Process is a brief summary that outlines the process of crafting and executing a companys strategy. It is aligned with the assigned chapters of the textbook. You will find that by becoming immediately familiar with the Table of Contents and the chapter summaries will assist you in using the Strategy Making, Strategy-Executing Process.

The process of crafting and executing a companys strategy consists of five interrelated managerial tasks:

1. Developing a strategic vision, mission, and core values.

2. Setting Objectives.

3. Crafting a strategy to achieve the objectives and the company vision.

4. Implementing and executing the strategy.

5. Monitoring developments, evaluating performance, and initiating corrective adjustments.

For each chapter, identify the major strategic management concepts introduced and how this chapter aligns with the Strategy Making, Strategy-Executing Process (See Figure 2-1, Chapter 2). One to two paragraphs for each chapter should be sufficient.

By performing this task of familiarizing yourself with the layout of the textbook and reviewing the steps in the Strategy Making, Strategy-Executing Process, you will acquire a rudimentary knowledge of the strategic management process, which will be filled in and flushed out during the weeks ahead.