Running Head: A RESEARCHED ASPECT
A RESEARCHED ASPECT
The Essential Topics From The Article I Saw Worth Reading
Topic 1: Strategic management definition
Strategic management definition refers to the organization's process of controlling its resources to
ensure the organizations' goals and objectives are achieved. Strategic management involves setting
organizational objectives, analysis of the competitive surrounding, analysis of the organization's
internal setup, assessing strategies, and following to ensure the determined policies are applied.
Strategic management is divided into prescriptive and descriptive approaches. The normative
approach explains how plans should come about. A description of strategies that are brought into
practice defines the descriptive method. The main aim of strategic management is to explore and
form new opportunities for the future, thus giving a very critical aspect in giving the organization
Topic 2: Periods in strategic management
Strategy formulation, implementation, and strategy evaluation are the phases of the strategic
managing process. The wording of the strate...
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