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What is Importance of Strategic Management in Business about?

This document summarizes a research journal about strategic management. The journal emphasizes the importance of strategic management for businesses to understand their current situation, barriers, mission, and vision in order to develop an effective strategy. Strategic management requires strategic planning and thinking to determine priorities and actions to achieve organizational objectives. There are eight essential steps to strategic planning including analyzing the environment, identifying gaps, benchm

Author

Janina

Language

EN