Explain significance of strategic management
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Strategic management is the continuous planning, monitoring, analysis and assessment of all that is necessary for an organisation to meet its goal and objectives. strategic management typically involves analysing, internal and external strengths and weaknesses
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Importance of Strategic Management:-
It acts as a foundation for all key decisions of the firm. It attempts to prepare the organization for future challenges and play the role of pioneer in exploring opportunities and also helps in identifying ways to reach those opportunities.
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