Strategic Management

Strategic management in the management field is the process of formulating and implementing major goals and initiatives signed by organization managers on behalf of stakeholders, considering resources, and assessment of the internal and external environments where the organization operates. It directs the organization and involves defining its objectives, developing policies and plans to achieve those objectives, and allocating resources to implement the plans. 

A strategic management course is a great way to gain one of the very important hard skills in business management. It helps you crack your undergraduate studies and also many problems in your job. It keeps you up to date on the latest business growth strategies and the latest tools for strategic planning models. It also helps you manage businesses and projects proactively while focusing on what the organization and customers expect. 

Strategic management is the science of formulating, implementing, and evaluating cross-functional decisions to help organizations accomplish their objectives. It is helpful in using and creating newer and different opportunities. With the right skills bucketed, it provides various career opportunities in a variety of fields such as Financial Analyst, Business Analyst, Research Investigator, Project Analyst, Compliance Officer, Product Strategist, etc. 

There are five stages in strategic management. They include setting goals and objectives, analyzing and implementing strategies, and monitoring strategies. These stages make it a systematic process to carry out any strategic management operations. You will learn more about this in the free Strategic Management course offered by Great Learning Academy.

Yes, you will get a certificate of completion for Strategic Management after completing all the modules and cracking the assessment. The assessment tests your knowledge of the subject and badges your skills.