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| Strategegic management is the process of specifying an organization's objectives, developing policies and plans to achieve these objectives, and allocating resources so as to implement the plans. It is the highest level of managerial activity, usually performed by the company's Chief Executive Officer (CEO). In broad terms it asks three questions: |
'''Strategegic management''' is the process of specifying an ] objectives, developing policies and plans to achieve these objectives, and allocating resources so as to implement the plans. It is the highest level of managerial activity, usually performed by the company's ] (CEO). In broad terms it asks three questions: | ||
| # Where are we now? | |||
| # Where do we want to go? | |||
| # How do we get there? | |||
| The process involves matching the companies' strategic advantages to the business environment the organization faces. | |||
Revision as of 14:22, 4 June 2003
Strategegic management is the process of specifying an organization's objectives, developing policies and plans to achieve these objectives, and allocating resources so as to implement the plans. It is the highest level of managerial activity, usually performed by the company's Chief Executive Officer (CEO). In broad terms it asks three questions:
- Where are we now?
- Where do we want to go?
- How do we get there?
The process involves matching the companies' strategic advantages to the business environment the organization faces.