Strategic Management involves the formulation and implementation of the major goals and initiatives taken by an organization’s managers on behalf of stakeholders, based on consideration of resources and an assessment of the internal and external environments in which the organization operates. Strategic management provides overall direction to an enterprise and involves specifying the organization’s objectives, developing policies and plans to achieve those objectives, and then allocating resources to implement the plans. Strategic management is not static in nature; the models can include a feedback loop to monitor execution and to inform the next round of planning. Concepts to consider discussing, or pick your own! Strategic Thinking Strategic Planning Managing Strategic Momentum submit one question that discusses one of these concepts, or another valuable concept of strategic management.
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