Question

Importance of strategic management in today's competitive global environment

Answer 1

The research also focuses on the corporate governance aspect of strategic management; role of the board of directors in crafting and executing strategy. The different levels of pitching strategy are also discussed in this paper; corporate, business, functional and operational. All these concepts are examined with a view to highlight their importance in the effective and efficient management of business organizations

Answer 2

Explanation:

Strategic management not only enables organizations to effectively compete in a competitive environment but it also helps them make sense of the future. The aim of strategic management is to enable the adaptation of organizations to environmental conditions that gradually gain more variable features.