Strategic Management

Strategic management is the ongoing process companies use to define their vision, set goals and objectives, and choose how to allocate resources to achieve those goals. It involves analyzing the internal and external environments to make informed decisions about the future direction of the organization. Key Characteristics / Core Concepts Long-term perspective: Strategic management focuses … Read more

Business Strategy

A business strategy is a long-term plan that outlines how a company will achieve its goals and objectives. It provides a roadmap for navigating the competitive landscape and securing a sustainable competitive advantage. Key Characteristics / Core Concepts Long-term vision: Defines the desired future state of the business. Competitive advantage: Identifies how the company will … Read more