What is 'Strategic Management'
Strategic management is nothing but planning for both predictable as well as unachievable contingencies. Strategic management is relevant to both small as well as large businesses as even the smallest business face competition and, by formulating and implementing proper strategies, they can achieve sustainable competitive advantage.
Strategic Management Process is defined as the method through which an organization defines its strategy. It is a continuous process in which the business or organization decides to implement a selected few strategies, specifics the implementation plan and keeps on appraising the progress and success of implementat...read more