Economics Question: Download Economics PDF
What is the importance of strategic management towards the success of a business?
Answer:
Strategic management used to play a different after the Second Word War. Strategic plans of the past usually range 3 to 5 years. Some companies could even have plans for 10 good years. That is not possible today given rapid evolution of our society.
| Previous Question | Next Question |
| What still matters in strategic management lies in the value of planning? | What are the effects of globalization on Indian industry? |