It has long been recognized in both the strategy and operations literature that the most effective external sourcing relationships involve considerable management time and coordination.
Basically, strategic management is the process of making decisions, implementing actions and evaluating what has been done well in order to achieve the company's long-term goals.
This process is carried out continuously by evaluating and also controlling the internal business, conducting competitor analysis, and establishing strategies to be able to compete well.
After that, it is followed by re-evaluating the strategy on a more regular basis in order to be able to determine the actions that will be taken later and monitor its progress or be replaced by using another strategy.
This strategy must be applicable to all parties in the company in order to face competition and show the company's excellence.
The perspective concept will later be used when a problem has not arisen or as a plan that must be developed. While the descriptive concept will be applied in order to solve problems that must be resolved by the company.
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