Respuesta :
An organization develops its purpose and vision statements in stage one of the strategic management process.
Strategic management is the creation and execution of significant goals and initiatives by the management of an organization on organization behalf of its shareholders (or owners). The formulation process often begins with an evaluation of the resources that are already available, a competitive environment analysis of the industry in which the company works, and an internal operations evaluation. A strategic management is subsequently developed to accomplish the targeted goals based on this comprehensive assessment. Implementing the developed strategy aims to direct and align the business with its primary goals.
A company can obtain a competitive edge over its competitors by organization lowering its production costs or differentiating its products. In addition to strategic management identifying all of the competitive advantages, it is crucial to consider the brand and company's market placement.
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