Business Studies, asked by AdhyayanDubey7219, 1 year ago

Explain the concept of strategic management and its importance

Answers

Answered by khalidrja78
0
Strategic management is a continuous process that evaluates and controls the business and the industries in which an organization is involved; evaluates its competitors and sets goals and strategies to meet all existing and potential competitors; and then reevaluates strategies on a regular basis to determine how it
Answered by Anonymous
0

Explanation:

Strategic management is the ongoing planning, monitoring, analysis and assessment of all necessities an organization needs to meet its goals and objectives. Changes in business environments will require organizations to constantly assess their strategies for success.

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