September 2020 - Page 12

In simpler words, to ensure wise decision-making processes, it is important that strategies are in place to support the business functions and operations. Strategic management therefore entails evaluating business goals, the organisation’s

The objective of ITIL Strategy Management (Strategy Management for IT Services) is to assess the service provider’s offerings, capabilities, competitors as well as current and potential market spaces in order to develop

Strategic management, especially when done well, is important for a business’ long-term success. … The business will then create clear, well-defined plans that it will then put in action to achieve its

Strategic management in nonprofit organizations is the process of selecting an organization’s goals, determining the strategic programs necessary to achieve specific objectives in route to the goals, and establishing the methods necessary