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Strategic management is an important area of management. It helps a company in heading to the right direction and includes describing the organizations goals, developing policies as well as plans to achieve set goals and then allocating different resources to implement these strategies. Experts and practitioners have come up with a number of models as well as frameworks to help in strategic decision making under the complex environments and competitive dynamics. Strategic management is not a static process, its models include a feedback loop to keep a track of the execution and inform the next round of planning. Our strategic management homework help expert could tell you more about it.
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