Managing strategy Strategic management is a process of continuously planning, analyzing, monitoring and assessing all the processes and activities to meet organizational goals and objectives. Through strategic management, organization can take advantage of clear mission, resources, and commitment in order to override all challenges to ensure flawless running of the business. Other importance of strategic management may include clear decision making process, resource availability, improved staff morale as well as sound setting of priorities. Porters 5 forces model Competitive rivalry is the first of the porters 5 forces model. The model examines how intense the competition is in the market. For instance, companies like General motors and Toyota are competing for the same market....
Excerpt from file: Managingstrategy Strategic management is a process of continuously planning, analyzing, monitoring and assessingalltheprocessesandactivitiestomeetorganizationalgoalsandobjectives.Through strategic management, organization can take advantage of clear mission, resources, and
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