Defining Strategic Management and Strategy

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The first step in considering developing a strategic plan is understanding its basic elements. It is important to know what strategy is and what it is not. These sections will provide a foundation for an understanding of business strategy. When you have completed these sections, you will be able to define strategy and explain how it is used in a business setting.

Source: LibreTexts, https://biz.libretexts.org/Bookshelves/Management/Mastering_Strategic_Management/01%3A_Mastering_Strategy_-_Art_and_Science/1.02%3A_Defining_Strategic_Management_and_Strategy
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