April 2024
Intermediate to advanced
998 pages
14h 52m
English
‘There is no ‘perfect’ strategic decision. One always has to balance conflicting objectives, conflicting opinions and conflicting priorities. The best strategic decision is only an approximate—and a risk.’
—Peter Drucker
Strategic management consists of a set of decisions and actions resulting in the formulation and implementation of strategies designed to achieve the objectives of an organization. It involves taking decisions about the product’s location (site of manufacture site of warehouse, etc.), organization’s structure—decisions that determine the survival of the organization in the short and long term. It starts with strategic diagnosis and culminates in new ...