answersLogoWhite

0

Strategic management is the process of developing an overall goal for a company. This includes developing plans, mission statements, goals, outcomes and plans to visualize these goals. The best tips are to have a planning meeting to evaluate company goals and needs and progress towards those by setting realistic policies and reevaluating these on a timeline (such as in 1-2 years) to make sure they still fit the companiy's future goal.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

What is strategic management plan list and explain the steps you strategic management process?

steps process strategic management


Strategic Management Courses Online?

Strategic Management Courses Online


Which is the best text book on brand management?

I suggest Strategic Brand Management, 3rd Edition by Kevin Keller.


What are differences between strategic management and strategic management accounting?

Strategic management uses strategy, including strategic thinking to make all decisions, often through the lens of a strategic plan. Strategic management accounting is strict focused on fiscally related decisions, also as aligned with the organization's strategic direction.


Objective of Strategic Management?

Main objective of Strategic Management is to increase profitability


What are the best classroom management strategies?

The best classroom management strategies, in my opinion, are lesson plans and strategic core standards. Another excellent management strategy is behavior management, which is sometimes hard to accomplish.


Evolution of business policy and strategic management?

evolution of business policy and strategic management?


Advantages and disadvantages of strategic management?

Strategic management has many advantages and disadvantages. One advantage of strategic management is being able to expect whatever comes up.


How can you compare strategic planning and a strategic management approach?

Planning refers to the management function of setting goals and deciding how best to reach that goal, whereas strategic management refers to a process in which managers formulate and implement strategies geared to optimizing strategic goal achievement, given available environmental and internal conditions. It involves a thorough 6 step process.


What is the Prerequisites for successful strategic management?

the prerequisites for successful strategic management is finance and human resources


Why are the functional areas of both marketing and management important to the four phases of strategic management?

importance of an organization's functional areas to the strategic management process and why they must be integrated during the four phases of strategic management


Which online web services offer tips on project management best practices?

Tips on project management best practices are offered by many online web services companies. The best places to look for are eConsultacy, Target Tech, DocFinity and Project Insight.