The first three steps of the strategic management process involve planning, execution and monitoring of strategies.
Successful strategic management involves three steps namely planning, execution and monitoring of the developments & progress.
With the help of strategic management, actions speak more louder than the words. Effective strategic planning that yields the appropriate decisions which can come up even short on delivering performance improvements.
Strategic Management is a more powerful means of optimizing the long-term performance of an organization. The last key to success is repetition of the process of strategic management again and again.
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