Thursday, 3 March 2016

"Strategic Management". what is that ??


Strategic Management means drafting, implementing and evaluating cross-functional decisions that will enable an organization to achieve its long-term objectives.

It specifies the organization's mission, vision and objectives, and then allocates resources to achieve these objectives.

The strategic management process is made up of three main components:

1) Strategy formulation

2) Strategy implemention

3) Strategy evaluation


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