Tag: Strategic Management

The creation and accomplishment of essential objectives and programs by an organization’s management in the interests of its shareholders are known as strategic management. The planning process often commences with an assessment of the resources that have already been available, an industry analysis to appraise the market environment in which the company works, and an evaluation of the internal workings.  A strategy is then established from this thorough analysis to achieve the intended goals. The company’s orientation and primary purposes must align by fulfilling the defined objective and well-developed strategy.…

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