Strategic Direction (corporate vision and mission) Strategy Formulation Strategy Implementation and Control External and Internal Analysis Strategic Direction (corporate vision and mission) Developing a strategic vision Setting objectives Crafting a strategy Implementing the strategy Evaluating performance Recycle to tasks 1, 2, 3, 4 Change as needed Change as needed Revise as needed Revise as needed Industry and competition Internal situation What are the organization’soptions What is the best strategy Determine strategic intent Define organizational mission Analyze environment Set objectives Develop action plan Implement plan Monitor outcomes Assess resources Determine requirements Affected Marginal Players Influential High Interest Low Interest Key Players HR/ Payroll Staff Low Power High Power Minor risk Minor help Driving force of the project Disruptive Influence Supportive Influence Major risk to the project HR/ Payroll Staff Low Influence High Influence