The major components of the strategic management process pre

The major components of the strategic management process presented in chapter 2 include all of the following EXCEPT:

define the mission of the organization

fund projects that are selected

set objectives to achieve organizational strategies

analyze the external and internal environments

implement strategies through projects

formulate strategies

Solution

Fund projects that are selected

Funding of the projects occur once the overall strategies are formulated and implemented for execution. Hence it does not form part of the major components of the strategic management process. Rest all other options form an integral component in the strategic management process.