Encyclopedia > Strategic management

  Article Content

Strategic management

Strategic management is the process of specifying an organization's objectives, developing policies and plans to achieve these objectives, and allocating resources so as to implement the plans. It is the highest level of managerial activity, usually performed by the company's Chief Executive Officer (CEO) and executive team.

In broad terms it asks three questions:

  1. Where are we now?
  2. Where do we want to go?
  3. How do we get there?

The process involves matching the companies' strategic advantages to the business environment the organization faces.

Also see:

List of Marketing TopicsList of Management Topics
List of Economics TopicsList of Accounting Topics
List of Finance TopicsList of Economists

All Wikipedia text is available under the terms of the GNU Free Documentation License

  Search Encyclopedia

Search over one million articles, find something about almost anything!
  Featured Article
75 BC

...     Contents 75 BC Centuries: 2nd century BC - 1st century BC - 1st century Decades: 120s BC 110s BC 100s BC 90s BC 80s BC - 70s BC - 60s BC 50s BC 40s BC ...