All About Advanced Strategic Management Course

Strategic management is all about identifying and clearly describing the strategies that managers and leaders can use to improve performance and provide their company a competitive advantage. If an organization's profitability is higher than the average profitability for all businesses in its industry, then it is considered to have a competitive, viable, and economic edge. Why is strategic management training important? What is it? Another way to think about strategic management is as a collection of actions and choices made by a manager that determine the performance of the company. For the manager to make wise judgments, the broad organisational environment must be thoroughly understood and analysed. They should perform a SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats), which means they should maximise the use of their organisational strengths, minimise their weaknesses, take advantage of opportunities and prospects presented by the external business env...