What is strategic management? Strategic management involves developing and implementing plans to help a company achieve its business objectives. This can include building an annual strategy, planning organizational structure and resource allocation, leading change initiatives, and controlling processes and resources. Strategic planning involves identifying business challenges, choosing the best strategy, monitoring progress, and then making adjustments to the executed strategy to improve performance. Tools like SWOT (strengths, weaknesses, opportunities, and threats) analysis are used to assess where opportunities and threats lie between the organization, its competition, and the overall market. Strategic management happens at broader levels, like organization-wide leadership, but it can also be implemented at a department- or team-level. DR.kuhyar sharifi