Strategic Management

The Basics of Strategic Management

"Effective managers live in the present, but concentrate on the future" 

James L. Hayes

If only we could push a button and a mind blowing business strategy was to deploy, wouldn't it be the most relieving experience ?
In reality, strategic management is recognizing the strategies that managers can implement to attain superior performance and competitive advantage for their organization.
Strategic planning is a method that is used by organizations to define and set priorities, resources, focus and strengthen the operation of the organization. Motivating the employees to work towards the common goal.

Strategic management is a process of formulating, implementing and evaluating, which leads to long terms goal development and sustainable solutions along with a sensitivity to  the rapidly changing environment.

"Strategy is not the consequence of planning, but the opposite : its the starting point..!!" Henry Mintzberg.