It isn't too much to say that there are no companies which do not emphasize the importance of strategic management in their business. From functional and business strategies to organizational strategies, companies all around the world pay enormous attention to strategies on a daily basis.
It is because they suppose the success of business highly relies upon strategic management. Thus, they argue that companies must come up with and develop proper and timely strategies to achieve competitive advantages.
This could explain why a huge number of companies seem so obsessed with strategies. In other words, to succeed in business, companies should create powerful strategies by all means. Otherwise, they even can’t guarantee survival in this era of fierce competition.
Knowing strategies definitely makes organizations to think and prepare for the future. All in all, strategic management already takes in the every aspects of corporate operation. The question is how an organization can execute it.
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