To commence with, the major components of the strategic management process are in four parts. IBM's Watson's Jeopardy Project may be a continuous, iterative process aimed toward developing an integrated and coordinated system. The first one is that define the organizational mission (what we want to become), also known as the mission statement. The mission statement provides a focus for decision making for managers and employees, having a strong mission statement provides a clear goal. The second part is to analyze and formulate strategies (what needs to get done to reach objectives) as well as whom the customers are and meeting their needs. An assessment also needs to be done on internal and external environments, strengths, and enterprise`s weaknesses. Then someone would formulate a strategy making up twenty percent of management effort while implementing takes up eighty percent. The final component Is executing the strategy through the project that is achieving goals and objectives and implementing strategies to achieve them. Paraphrase the statement