How strategic management can benefit a company


Question: In week one I wanted to learn more about strategic management and how it can benefit a company. I learned that strategic management isn't just about planning. Strategic management is the systematic planning, management, and utilization of available resources to ensure that a business defines and achieves its goals. Strategic management involves defining clear goals and objectives for an organization. These objectives guide decision-making. Organizations must assess the external factors that impact their operations. This includes understanding market dynamics, industry trends, and competitive forces. In the future, I am interested to learn more about

 

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