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Posted on: #iteachmsu
Strategic management can also be defined as a bundle of decisions and acts which a manager undertakes and which decides the result of the firm’s performance. The manager must have a thorough knowledge and analysis of the general and competitive organizational environment so as to take right decisions. They should conduct a SWOT Analysis (Strengths, Weaknesses, Opportunities, and Threats), i.e., they should make best possible utilization of strengths, minimize the organizational weaknesses, w500+make use of arising opportunities from the business environment and shouldn’t ignore the threats.
Posted by: Chathuri Hewapathirana
Disciplinary Content