Write a 350-word posting in which you address the following:

• Define strategic management and identify, and discuss the primary components of a strategic management process.
• Explain why a strategic management process is needed in a company.
• Discuss and describe the strategic management process that one public company uses. The university library is a good resource for this type of information.

apa

preview of the answer..

Strategic management is vital for any given company. It is based on this information that companies are able to plan on how they are to stay relevant in the industry in which they operate. Strategic management, therefore, is the type of management that can be said to follow a set system. In strategic management, the first component of the same involves goal and mission setting of the organization. Once this is done, the external and internal factors that are to affect the organization are then analysed. With all this information at hand, the …

370 words APA