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Strategic management is the assembling and management of resources to achieve a company's goals and objectives. Companies create and adapt a strategic management process that works best for...
Strategic management is the process of defining and implementing procedures and objectives that set a company apart from its competition. Strategic management is also a skill that can be developed as someone gains experience and adopts a strategic mindset.
In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's managers on behalf of stakeholders, based on consideration of resources and an assessment of the internal and external environments in which the organization operates.
Strategic management is the systematic planning, management, and use of available resources to ensure a business specifies and achieves its goals. It also comprises strategy evaluation, a review of internal processes and external factors, resource allocation, and competition analysis.
Strategic management is the ongoing planning, monitoring, analysis and assessment of the resources and processes an organization should have in place to meet its goals and objectives. Because business environments are dynamic, an organization must constantly assess its strategies to stay competitive and meet its long-term objectives.
Strategic management is the planned use of a company's resources to reach its goals and objectives. Strategic management requires ongoing evaluation of internal processes and external factors that may impact how a company functions.
STRATEGIC MANAGEMENT offers an introduction to the key topics and themes of strategic management. The authors draw on examples of familiar companies and personalities to illustrate the different strategies used by today’s firms—and how they go about implementing those strategies.