Following are the benefits of strategic management process which allows the organizations to adopt it for the long term success.
1. Strategic management is the process of formulating, implementing and evaluating strategies to achieve its organization objectives.
2. Organization acts proactively rather than reactive to any situation.
3. Communicates the mission, vision, objectives and policies to all the employees to understand the purpose of organization
4. Gathers information from external and internal environment assists in formulating strategies for the future success of an organization.
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