Determining the Organizations mission and goals (Define the business) Strategy formulation (Analyze current situation &

develop strategies) Strategy Implementation (Allocate resources & responsibilities to achieve strategies)

1.

Determining the organizational goals

2.

Strategy Formulation

Setting objectives

3.

Strategy implementation

Establishing planning premises Identify alternatives Evaluation and choice Formulating derivative plans
Measuring and controlling the progress

 Process

in which the superiors and subordinates at management level of an enterprise jointly: 1. Identify the individuals specific goals 2. Define each individuals major area of responsibility in terms of results expected of him 3. Use these measures as guidelines to assess the contribution of each of its members