The strategic management process concludes that it is crucial for organizational success.
Here's a breakdown of the conclusion, based on the reference provided:
- Importance of Strategic Management: Strategic management is vital for all organizations, irrespective of their size or industry.
- Long-Term Success: By creating and implementing a clear and effective strategy, organizations significantly improve their chances of long-term success.
- Reference: The reference concludes that "Strategic management is an important process for all organizations, regardless of their size or industry. By developing and implementing a clear and effective strategy, organizations can increase their chances of success in the long term."
In essence, the strategic management process emphasizes the importance of planning and execution for achieving organizational goals and ensuring sustainable growth.
