1. Strategic management must not become a self-perpetuating bureaucratic mechanism.

The failure of a plan is due to lack of control over its execution that leads to rigidity, inefficiency, and
resistance to change. By avoiding these problems, businesses can promote innovation, better respond to
marketplace conditions, and keep a competitive edge.

2. Strategic management must not become ritualistic, orchestrated, or too formal and rigid.

When it comes to developing a business strategy, simplicity is the key. It enables you to clear the
confusion and focus on what is important. Strategic management must be adaptable and responsive to
changes in the market, competition, and customer needs, or risk losing flexibility, creativity, and
innovation. A rigid strategic management process can inhibit fresh ideas, hinder experimentation, and
limit an organization's ability to respond to unexpected situations. 

3. Strategic management always must eliminate some courses of action in favor of others.

Strategic management must eliminate some courses of action in favor of others because it involves
prioritizing resources, setting goals, and making decisions to achieve long-term objectives. This process
necessitates a thorough examination of many possibilities and prospective results, culminating in the
selection of the most viable and effective tactics. It must focus its attention and resources on behaviors
that have the most potential to improve overall performance, profitability, and growth.

4. Strategic management requires making trade-offs.

Strategic management requires making trade-offs to prioritize goals and focus on the most important
initiatives. These trade-offs help balance long-term and short-term goals, manage risks, and address the
needs of internal and external stakeholders. They enable organizations to make informed decisions and
optimize their performance.