Strategic management is an externally oriented philosophy of managing an organization that links strategic thinking and analysis to organizational action. As a continuous, explicit philosophy of managing an organization, strategic management
Provides a structure for conceiving about the “business”
Creates a fit between the association and its external environment
Provides a method of contending with change and organizational renewal
Fosters anticipation, innovation, and excellence
Facilitates consistent decision making
Creates organizational focus
Represents the process of organizational leadership
Strategic management provides an ongoing philosophy for developing and managing the plans and actions of the organization. It seeks to orchestrate a fit between the ...