Which of the following is NOT a component of the strategic management process?

The strategic management process is a structured approach organizations use to define their strategy and make decisions on allocating resources to pursue that strategy. The main components of the strategic management process typically include environmental analysis, strategy formulation, and strategy implementation.

Environmental analysis involves assessing the internal and external factors that can affect the organization, allowing leaders to understand the context within which the organization operates and identify opportunities and threats. Strategy formulation is the stage where leaders develop specific strategies to capitalize on strengths and opportunities while mitigating weaknesses and threats identified during environmental analysis. Finally, strategy implementation focuses on executing the chosen strategies and ensuring that the necessary resources are allocated effectively.

In contrast, employee engagement analysis, while vital for organizational success and individual performance, is not a direct component of the strategic management process itself. Instead, it may be considered a supportive activity that can enhance overall strategic execution and organizational culture, influencing employee commitment and productivity. However, it does not fit within the core activities that define the strategic management process.