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Strategic Management

Strategic management can be defined as the art and science of formulating, implementing, and evaluating cross functional decisions that enable an organization to achieve its objectives.

Process of Strategic Management


The strategic management is a six steps process that encompasses different steps that can be explained through below mentioned process

Identify the organizations current mission, goals, and strategies

External Analysis Opportunities threats

SWOT Analysis

Internal Analysis Strengths Weaknesses

Formulate Strategies

Implement Strategies

Evaluate Results

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