Why is strategic management important for organizations, Strategic Management

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Why is strategic management important for organizations

Problem

Strategic Thinking and Strategic Planning:

The Gap, Inc., commonly known as Gap Inc. or Gap, is an American worldwide clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates four primary divisions: Gap, Banana Republic, Old Navy, and Athleta.

i. Can you cite examples of a Gap, Inc.,'s strategic management?

ii. Why is strategic management important for organizations?

iii. Can an organization be successful without a strategic plan? Why or why not?

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