To a large degree, any organization's tasks are a function of its strategies. Strategic management is the ongoing planning, monitoring, analysis, and evaluation of all the requirements an organization needs to meet its goals and objectives. A changing business environment will require organizations to constantly evaluate their strategies for success.
The strategic management process helps organizations take stock of their current situation, formulate strategies, deploy them, and analyze the effectiveness of implemented management strategies. Strategic management strategies include five basic strategies and may vary in implementation depending on the surrounding environment. Strategic management applies to both on-premise and mobile platforms.
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