Which process is typically included in the final step of strategic management?

In the context of strategic management, the final step is typically the evaluation of the strategies. This stage is crucial because it involves assessing the effectiveness of the strategies that have been implemented in order to determine whether they are achieving the desired objectives and outcomes. During this evaluation phase, managers analyze performance measurements, compare results to original goals, and identify any areas that need adjustment or improvement.

This process ensures that the organization can make necessary modifications to its strategies based on concrete feedback, allowing for ongoing refinement and optimization. By evaluating the effectiveness of strategic initiatives, organizations can remain agile and responsive to changing environments, ensuring long-term success and alignment with their mission and vision.

While implementation, goal setting, and employee training are all important components of the strategic management process, they occur at earlier stages, setting the groundwork for the strategies that will later be evaluated for effectiveness.