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Business Strategy
(redirected from Strategic management)

    Also found in: Acronyms, Wikipedia 0.01 sec.
Business Strategy
The principles guiding how a business uses its resources to achieve its goals. A strategy states a business's focus and indicates the basic steps the business will use to achieve it. The ultimate aim of any strategy is to make money, but each company takes a different (sometimes very different) approach to achieve this goal. Business strategies are widely studied and discussed in management consulting.
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Strategic Management Strategic management focuses on developing plans and policies that achieve the goals a business lays out.
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strategic map
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