Strategic management is all about setting and achieving long-term goals for an organization. It involves a comprehensive approach to planning, analyzing, and implementing strategies to ensure a company’s success and growth. The process begins with environmental scanning, where businesses examine internal and external factors that might impact their operations.
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Strategic Management PPT Free: Meaning, Phases, Examples
Next comes strategic planning, which involves setting clear goals, developing actionable strategies, and allocating resources efficiently. Tools like SWOT analysis (assessing strengths, weaknesses, opportunities, and threats) and Porter’s Five Forces (analyzing competition and market dynamics) are commonly used to shape these strategies. Once the plan is set, the focus shifts to strategy implementation, ensuring that all parts of the organization align with the strategic goals. This involves clear communication, resource management, and continuous monitoring.
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Table of Content for Strategic Management PPT
- Definition
- Introduction
- Phases of Strategic Management
- Example of Strategic Management
- Why Is Strategic Management Important?
- Conclusion
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