In today’s competitive world, businesses need a clear direction to achieve long-term success. Strategic management is the process of defining an organization’s vision, setting goals, and making informed decisions to gain a competitive advantage. It helps businesses adapt to changes, optimize resources, and achieve sustainable growth.
Strategic management is the ongoing process of planning, monitoring, analyzing, and improving an organization’s strategies to achieve its objectives. Strategic management is essential for businesses to navigate uncertainties, innovate, and achieve long-term success. By formulating, implementing, and evaluating effective strategies, organizations can stay ahead of the competition and drive sustainable growth.
