2013•IOSR Journal of Business and ManagementOpen access

Strategic management; concepts, benefits and process

Zeinab Khalili Sourkouhi

Abstract

In order to improve the companies, it is important to know what is its present situation and types of barriers firms face when entering or exiting markets.So the firms need to plan and know strategic management.Nowadays, rapidly changing environment has caused strategic management has become one of the primary strategic topics in management of organizations.This paper explains the concepts of strategic, strategic management, Importance of strategic planning, how to do strategic management, its benefits and etc.

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Key concepts: Strategic planning, Business, Strategic financial management, Strategic sourcing, Strategic control, Process management, Strategic management, Order (exchange)