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What is Strategic Management Overview and Benefits about?

Strategic management is the art and science of formulating, implementing, and evaluating cross-functional decisions to achieve organizational objectives. It involves three main stages: strategy formulation, implementation, and evaluation. Strategy formulation develops a vision and mission, identifies external opportunities and threats, determines internal strengths and weaknesses, and establishes long-term objectives. Strategy implementation establishes annual objectives, motivates employees, and allocates

Author

Eliy Nazira

Language

EN