strategic management

Strategic Management Examples & Concepts

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Understanding Strategic Management Strategic management is a continuous process that involves setting long-term goals, formulating strategies, allocating resources, implementing actions, and evaluating performance. It aligns a company’s vision and mission with its operational plans to gain and sustain competitive advantages in a changing business environment. At its core, strategic management integrates planning and execution to … Read more

McKinsey 7S Framework Model and Examples: A Practical Guide to Aligning Business Components

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Introduction to the McKinsey 7S Framework The McKinsey 7S Framework is a versatile tool designed to help organizations assess and align their internal elements to optimize performance and facilitate change. Since its creation in the 1970s by consultants from the McKinsey & Company consulting firm, it has endured as a vital model for strategic management … Read more