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How does strategic management typically evolve in a corporation?
Wiki User
∙ 12y ago
how does strtegic management evolve in corporation?its because of changes of technology advances in the world and the competition of market places.
Wiki User
∙ 12y ago
Anonymous
The main purpose of strategic management is to transform the static aspects of goals, missions and aims into a practical, sustainable plan, while still allowing for flexibility and evolution based on an ever-changing market environment. Another term for this is strategy execution, focusing on a company's ability to internally digest feedback and strategically evolve appropriately.
Finally, an evaluation or sustained phase begins. This is an ongoing phase where continuous refinement, analysis, auditing, and evolution takes place, in order to adapt to a changing market or changing goals within the company. This phase focuses on the company's culture, performance, and communication, among other aspects
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