Importance of strategic management pdf

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Strategic management helps to formulate a suitable strategy systematically after analysing the business environment, the industry, the firm and to implement it This paper presents strategic management as an important business management concept. It defines strategy and explains the key concepts in strategic Understand the importance of strategic management in. Government and Not-for-profit Organizations. “The company without a strategy is willing to try anything.”. Strategic management sets a direction for the organization and its employees. Unlike once-and-done strategic plans, effective strategic management continuously