Oct 20, 2025

Strategic management

• Strategic management means driving the company using a long-term plan (the map) to reach success.

How do I remember it?

• Think of strategic management like driving a business to its destination:

Strategy = The Map

Management = The Driver

Real world example

• Plan → Execute → Evaluate

Plan is to set goals and strategies

Execute by initiating strategies into action

Evaluate to see what’s working and what needs to adjust