Identify any 5 steps in strategy development, and the common mistakes leaders make when attempting those steps.
Expert Answer
5 stages are
Goal-Setting. The purpose of goal-setting is to clarify the vision for your business. …
Analysis
Strategy Formulation
Strategy Implementation
Evaluation and Control
Goal-Setting- A letter without an address will go nowhere and a ship without map will go nowhere. Purpose of goal setting is to clear the vision of their business. Steps in goal setting are to define short and long term goal. And how to achieve the goals. In this step the task is divided and assigned to staff. The goals should
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