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why management strategies are important?
1 Answer
- 4 years ago
Most business owners want to make wise decisions, but they sometimes are at a loss of where to begin. This is where strategic management comes into play. Strategic management is an oft-used and sometimes ill-understood concept in business. It helps to consider the two words separately first. Strategies are the initiatives a company takes to maximize its resources and to grow its business. This might involve financial planning, human resources management or focusing on a mission statement.