Importance of Strategic Click to edit Master subtitle style Management

Sameen Asil - 04

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What is Strategic Management??

Definition Strategic Management is defined as the set of decisions and actions in formulation and implementation of strategies to achieve the objectives of an organisation.

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Importance of Strategic Management

Sets the strategic direction to the firm SWOT analysis Obtaining sustainable competitive advantage
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Leads to better performance

Ensure the long term survival i the market place

Simplifies complex scenarios a helps in evaluation

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Focus on critical factors of the organization

Financially benefits the organiza

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