The document discusses strategic management and its importance for businesses. It describes strategic management as evaluating the external environment of an organization and determining the best path for long-term success. The document also notes that strategic management includes analyzing opportunities and threats in a company's industry or sector, as well as its strengths and weaknesses, to create strategies to achieve business goals. Finally, the summary emphasizes that strategic management is an ongoing process that requires continuous monitoring and adjustment of a company's strategies.
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Original Title
Ch 1 Strategic Management External Summaries Which is Very Useful
The document discusses strategic management and its importance for businesses. It describes strategic management as evaluating the external environment of an organization and determining the best path for long-term success. The document also notes that strategic management includes analyzing opportunities and threats in a company's industry or sector, as well as its strengths and weaknesses, to create strategies to achieve business goals. Finally, the summary emphasizes that strategic management is an ongoing process that requires continuous monitoring and adjustment of a company's strategies.
The document discusses strategic management and its importance for businesses. It describes strategic management as evaluating the external environment of an organization and determining the best path for long-term success. The document also notes that strategic management includes analyzing opportunities and threats in a company's industry or sector, as well as its strengths and weaknesses, to create strategies to achieve business goals. Finally, the summary emphasizes that strategic management is an ongoing process that requires continuous monitoring and adjustment of a company's strategies.