Option #1: Stages of Strategic Management
COMPANY IS VERIZON WIRELESS
Select a publicly held company that interests you. Visit the company’s corporate website to learn how it engages in strategic management. Remember that strategy is a long-term commitment to achieving future advantages and position within the selected industry or industries. Keep in mind that larger, more formal companies have more information available on their strategic management processes. Strategic management processes are the actions/processes used to determine their selected strategy or strategies. Perform a keyword search of the following terms on the corporate website of the company that you have selected:
· Strategic management/planning
· Strategy formulation
· Strategy implementation
· Strategy evaluation
On the corporate website, look for the most current Form 10K and review the document. If you have any difficulty finding the Form 10K on the corporate website, you can use a search through your preferred search engine using both the company’s name and “Form 10K” in the search criteria.
Discuss how your chosen company engages in the three stages of strategic management. Provide as much of the following information as possible:
· Give specific examples of how the company formulates strategic decisions.
· Give specific examples of how the company implements strategic decisions.
· Give specific examples of how the company evaluates strategic decisions.
· Give specific examples of whether or how the company relies on innovation strategies.
· Are the three stages of strategic management process separated and well defined within the company?
Your paper should meet the following requirements:
· Include four pages
· Support your answers using four citations