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, ...

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

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 ...

Even though most leaders look at risk when evaluating new strategic initiatives and don’t view a lack of value as a barrier ...