Strategy Management

Strategic management is the process of defining an organization's direction and making decisions about allocating resources to pursue that direction. It involves setting goals, analyzing the competitive environment, and assessing internal capabilities. By developing a long-term plan, organizations can adapt to changes, capitalize on opportunities, and mitigate risks. Strategic management ensures that all parts of the organization work together towards common objectives, improving overall effectiveness and ensuring sustainable growth. Essentially, it is about planning and guiding a business to achieve its mission and vision in a structured and effective way.