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Strategic Management Is Important For Success

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We all know that people (and organizations) don't plan to fail. Often, they just fail to plan and/or their plans are incomplete and inconclusive.

Why would you say the strategic management is "Important to the success of an organization?"

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Solution Summary

This solution discusses strategic management and how strategic management is important to the success of an organization.

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The primary goal of strategic management is to align the analyses, organization, and initiatives taken by management with the strategic goals and objectives of the company. The above statement is true - management, in many cases, doesn't properly plan and it causes a downfall that is oftentimes unrecoverable. When this starts to happen, we often see a snowball effect. One area, such as efficiency or production, starts to decline because it wasn't strategically planned properly. This ...

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