In today's complex and constantly changing business environment, strategic management is becoming more and more crucial. Describe what strategic management does ?
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- Explain the concept of strategic management and its importance in achieving organizational goals. How can managers effectively develop and implement strategic plans?What is the role of strategic foresight in strategic management, and how can organizations effectively anticipate and respond to future trends and disruptions?In today's economic climate and constantly changing environment, strategic management is becoming more and more crucial. Describe what strategic management does ?
- explain What is the role of strategic foresight in strategic management, and how can organizations effectively anticipate and respond to future trends and disruptions?How do managers develop strategic plans, and what factors do they consider when evaluating the external and internal environment of the organization? Discuss the key components of a strategic plan, and describe the potential benefits and drawbacks of different strategic planning approaches.Explain What are some common challenges faced in strategic management?