What is Strategic Management Explained in 5 Key Points.pdf

Welcome to our channel! In this video, we break down the essentials of strategic management, providing a clear understanding of its core concepts through five key points. Strategic management is crucial for any organization aiming to achieve long-term success and competitive advantage.

Join us as we explore:

The definition and importance of strategic management
The role of strategic planning in organizational growth
Key components of effective strategy formulation
The process of strategy implementation and execution
How to evaluate and adjust strategies for optimal performance
Whether you're a business student, aspiring manager, or a seasoned professional, this video offers valuable insights into the fundamentals of strategic management. Learn how to align your organization’s goals with actionable strategies and drive success.

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1. RTCompliance
WHAT IS STRATEGIC
MANAGEMENT?

2. Strategic management is the process of formulating and
implementing strategies to achieve organizational goals
and objectives.
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3. Explained in
5 Key Points
01
Strategic management begins with defining the
organization's vision and mission, which provide
a sense of purpose and direction.
ESG
Vision and Mission
02
Strategic management involves conducting a
comprehensive analysis of the internal and
external environment.
Environmental Analysis
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4. Strategy
Implementation
04
Strategy Formulation 03
These strategies may focus on areas
such as market expansion, product
differentiation, cost leadership, or
innovation.
This involves aligning resources,
structures, processes, and systems to
support the strategic objectives.
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5. 05
Strategic management also
includes monitoring and
evaluating the progress of
strategic initiatives and making
necessary adjustmentsEvaluation and
Control
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6. Conclusion
Strategic management is a dynamic process that guides
organizations in achieving their long-term goals and
adapting to changing environments.
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7. THANK
YOU
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[email protected]
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