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What is Strategic Management Overview and Challenges about?
Strategic management involves creating, executing, and evaluating decisions to help organizations achieve their goals. The process includes goal setting, strategic analysis, formulation, execution, and determining success, while addressing internal and external challenges such as resistance to change and economic downturns. Understanding both the internal and external environments is crucial for organizations to navigate competition and market needs effectively.
- Author
- Cresty Faustino
- Language
- EN