Strategic Management Describe Strategic Management Process Company Familiar Q34317799

What is strategic management? Describe the strategic managementprocess in a company with which you are familiar?

Expert Answer

Strategic management is the process through which organizationsanalyze and learn from their internal and external environments,establish strategic direction, create strategies that are intendedto help achieve established goals. and execute those strategies,all in an effort to satisfy key organizational stakeholders.

Strategic management at Apple Inc refers to the set of decisionsand actions used to formulate and execute strategies that willprovide a competitively superior fir between the organization andits environment in order to attain organizational goals. Strategicmanagement helps managers to make choices about how to positiontheir