In order, the steps of the strategic-management process are multiple choice establish the mission and vision statements, assess the current reality, conduct a trend analysis, and maintain the feedback loop. establish the mission statement, maintain strategic control, formulate the grand strategy, and implement the strategy. establish the mission, vision, and values statements; assess the current reality; formulate the grand strategy; implement the strategy; and maintain strategic control. establish the vision and values statements, develop a mission statement, formulate the grand strategy, implement the strategy, and maintain the feedback loop. determine the strategy; carry out the strategic plans; and establish the mission, vision, and values statements.