Aug 2026· REST Journal on Banking Accounting and Business· 0 citations· 18 references
Abstract
Strategic management is a systematic process that enables organizations to define long-term objectives, make informed decisions, and allocate resources effectively to achieve sustainable growth. It combines strategic analysis, planning, implementation, and evaluation to address competitive challenges while adapting to changing market conditions. By assessing internal strengths and weaknesses alongside external opportunities and threats, organizations can align their mission and vision with strategic goals. Research in strategic management plays a crucial role in enhancing organizational performance by supporting innovation, efficient resource utilization, and competitive advantage. It also promotes ethical practices, sustainability, and responsiveness to emerging technologies and market trends. The strategic management process includes strategy formulation, implementation, and continuous evaluation to ensure organizational adaptability and long-term success. Common strategic approaches include market expansion, product diversification, cost leadership, strategic partnerships, and technological innovation. Performance is often assessed using indicators such as revenue growth potential, market share increase, customer satisfaction, and brand value enhancement, with cost leadership identified as the most effective strategy
Strategic planning remains a pivotal managerial instrument for driving organizational growth,
resilience, and long-term competitiveness. In today’s rapidly changing and highly competitive
business environment, organizations must adopt deliberate and adaptive strategies that are
firmly aligned with their vision, mission...
Cynthia Chidimma Obiano-Igbokwwe· JOURNAL OF BUSINESS AND AFRI...· 0 citations
This review explores the contribution of integrated financial and strategic management practices in the performance of business and sustainability of the organization. The method employed in this study is a structured integrative literature review (SR) and thematic synthesis (TS) to integrate the evidence from financia...
V. M. Tidake, Vijay Kumar, Nikhil A. Narlawar et al.· European Journal of Prosthod...· 0 citations
This study explores the role of strategic planning in driving business success and organizational
performance. It aims to evaluate the theoretical foundations, practical models, and evolving trends
in strategic planning, with a focus on how it influences competitiveness, adaptability, and
sustainability across sectors...
Habeeb Ilufoye· IIARD International Journal...· 0 citations
Against the background of increasing environmental pressure, rapid advances in digital technology, and rising stakeholder expectations, sustainable development has become an important strategic task for manufacturing firms. Strategic transformation is widely regarded as a key pathway to long-term competitiveness, yet f...
Su-Ru Feng, Nadratun Nafisah Abdul Wahab· Advances in Humanities and M...· 0 citations
-Firms globally encounter challenges in maintaining superior business performance over the long term. Most business managers in today's modern age find it difficult to constantly achieve targeted performance due to poor strategic insight and agility in managing uncertainty. This study examines how strategic agility, te...
Annie Motunrayo Adewuyi, Ayobami Adeshola Adewoye, F. Peter et al.· Iconic research and engineer...· 0 citations
This research examines the significance of management functions—Planning, Organizing, Directing, Controlling, and Commitment—in optimizing organizational resources, including Management, Money, Marketing, Manpower, and Material. Grey Relational Analysis (GRA) is used to quantitatively evaluate the relationship between...
Sathishkumar· Journal on Electronic and Au...· 0 citations
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