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As we learned this week, the strategic management process has five steps: 1) Establish the mission and the vision; 2) Assess the current reality; 3) Formulate the grand strategy; 4) Implement the strategy; and 5) Maintain strategic control.
Below is a 6-minute video where Professor Donald Sull discusses recommendations for translating strategy into results.
Harvard Business Review video Why So Few Managers Understand Their Company's Strategy. (Links to an external site.) (06:15)
Link= https://hbr.org/video/4013635003001/why-so-few-managers-understand-their-companys-strategy
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