Why is strategic management so important to today's corporation?
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Today strategic management is very important field because a strategy adopted is generally long term in nature requires heavy resources money, man power etc and if the strategy back fires it could prove costly for any company hence SMG becomes very important.
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Strategic management, especially when done well, is important for a business' long-term success. ... The business will then create clear, well-defined plans that it will then put in action to achieve its goals and to align its business activities, so that the business will be in harmony with those goals..
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