On its way to success, every company has its objectives and ways of

reaching them. In this article, we will talk about strategic management

definition, why it is crucial for all businesses across industries, and the

steps to take to manage a company strategically. Without further ado,

let us introduce you to the concept.

What Is Strategic Management?

In a nutshell, strategic management is a process of decision-making,

planning, and using the company’s resources in the most productive

way in order to meet the key objectives of the organization.