ARTICLE SUMMARY

Article Summary

Article Summary

Introduction

According to the article, strategic management and planning is a set of decisions and actions are formulated to bring people and resources to ensure the future success of the organization. In addition, strategic management and planning implies planning, management, organization and management strategy of the company.

Discussion

The article says that in today's business environment, a strategic business plan is necessary because of the high rate of failure of small businesses. It was determined that small businesses without a business plan are likely to fail. Strategic business plan will help the Organization to determine its mission and vision, giving ...