1. What is strategy?

 A plan of action designed to achieve a particular goal.

 It can be said in this way, strategy is a course of action, including the

specification of resources required to achieve the specific objective.

 I think strategy is a course of action to achieve an objective. Strategic are

set at corporate, business and operational level.

2. So, what do I mean by strategic management

 Involves setting objectives, analyzing the competitive environment.

 Ensuring that management rolls out the strategies across the

organization

 But I think that, strategic management is the ongoing planning,

monitoring, analysis and assessment of all necessities an organization
needs to meet its goals and objectives.

 For example: suppose my organization wants to come in top one position

by 2021, the target is filled up through strategic management.