1. Strategic management systems involve four interrelated systems - technical, cultural, political, and economic - that global managers must operate within.
2. A key part of strategic management is strategic formulation which includes establishing the mission, vision, values, goals and objectives of an organization.
3. Strategic management also involves strategic implementation which includes strategic planning, program development, budgeting, and monitoring performance to achieve the organization's objectives.
1. Strategic management systems involve four interrelated systems - technical, cultural, political, and economic - that global managers must operate within.
2. A key part of strategic mana…