The corporate strategy of an organization can be judged through its strategic plans and the principles of the management applied while finalizing the strategy. The vital role of the board of directors in the strategic management process is to critically evaluate and eventually endorse strategic action plans. It also evaluates the strategic leadership skills of the senior management and others in order to be successful. Some of the principles of the strategic management can be: Taking Advantage of the Opportunities
A company's strategy should be tailored to fit industry and competitive conditions. A well-conceived strategy aims ...