The Strategic management term has used by several firms and organizations in different aspects of the business world. However, this term is not fully understood. Strategic management attempts to answer the questions relating to the goals of business and what the proprietors want the business to thrive towards. In addition, it enables the business to assess and strategize on how to achieve the goals and ways of identifying that their goals are met by evaluating the results of the business.
Strategic management thus evolves a series of steps for firms to operate on. Goal setting should be ensured so ...
