Strategic management involves the formulation and implementation of long-term goals and initiatives taken by an organization's top management. It encompasses analyzing the internal and external environments to identify strengths, weaknesses, opportunities, and threats.
Strategic Management involves the formulation, implementation, and evaluation of long-term goals and initiatives taken by an organization's top management. It encompasses analyzing internal strengths and weaknesses, as well as external opportunities and threats, to develop strategies that align with the organization's mission and vision. Key elements include setting objectives, allocating resources effectively, and continuously adapting to changing environments to sustain competitive advantage. Strategic Management aims to guide decision-making processes that lead to sustainable growth, profitability, and overall organizational success in both the short and long term.
Founder & CEO - Itronix Solutions.
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