Which of the following are integral parts of the five step managerial process of crafting and executing a strategy? Setting objectives, crafting a strategy, and implementing and executing the chosen strategy Setting objectives, developing a proven business model, and choosing what business approaches and operating practices to employ Deciding on the company's strategic intent, crafting a strategy, and making corrective adjustments as needed Developing a proven business model, deciding on the company's strategic intent, and crafting a strategy Developing the vision/mission/core values, setting objectives, crafting a strategy, executing the chosen strategy, and revising it as necessary to sustain competitive advantage