Difference between strategy and strategic management
Hello aspirant,
I can help you with better information.
Strategic Management is all about identification and description of the strategies that managers can carry so as to achieve better performance and a competitive advantage for an organization.
It is a continuous process that evaluates and controls the business and the industries in which an organization is involved.
The business management on other hand, is the day to day job of the manager. It consist of 5 functions planning, organising, staffing, directing & controlling.
Hope above information is helpful to you
Thank you
strategy is a company ‘s plan for victory in competition with other competitors. The companies strategize in order to gain maximum profits. Strategic Management is the process involved in formulating and implementing the strategies in the industry. So we can say strategic Management is a wide concept.
