Defining strategic management has never been easy. I recently confronted this problem again while teaching two courses on strategic management this past summer. I have taught strategic management many ...

The phrase "strategic management" is sometimes used as a synonym for "strategy," but the two terms are not actually the same. A company's strategy is its plan for victory in competition with other ...

Strategic Management Journal, Vol. 13, Special Issue: Strategy Process: Managing Corporate Self-Renewal (Summer, 1992), pp. 153-167 (15 pages) This paper reports the results of a study that ...

Strategic management planning is instrumental in helping a company achieve its goals. For a business to grow and thrive, the team needs to be a well-oiled machine that knows what it’s working towards, ...

Strategic management involves long-term plans and objectives that allow a company to leverage capabilities, increase opportunities, and achieve competitive advantage. Although there are many ...

Structure-conduct-performance (SCP) and resource-based logics are two prominent theoretical explanations within strategic management for how firms gain and sustain competitive advantages.

Even though most leaders look at risk when evaluating new strategic initiatives and don’t view a lack of value as a barrier to implementation of risk management measures, few put it all together and ...