Course details

Introduction to the Diploma of Strategic Management Strategic management is an essential component of business. It refers to the formulation and implementation of goals and initiatives included in the strategies that the stakeholders have put in place in the organization to ensure the best decision-making processes for the organization, it is important that strategies are developed to support business functions and processes. Therefore, strategic management entails evaluating business goals, the organization’s vision and goals, as well as future plans. Additionally, the strategic management process is used to ensure effective and efficient workflow. Communicating this strategy internally and externally is also critical to success, so that both the employees and the organization can understand the purpose and direction along with the external parties’ understanding of what it stands for as an organization.