Explain on Strategy and Strategic Management

Major objective of this article is to explain on Strategy and Strategic Management.┬áStrategic management involves formulation and implementation in the major goals and initiatives taken with a company’s top authority for owners, based on consideration regarding resources and an assessment in the internal and external environments where the organization competes. Strategic management provides overall direction on the enterprise and involves indicating the organization’s objectives, developing policies and plans meant to achieve these objectives, and allocating resources to put into action the plans.