The strategic management process is more than just a set of rules to follow. It is a philosophical approach to business. Upper management must think strategically first, then apply that thought to ...

The Value Creation Process Chart is shown as a component of the Strategic Planning and Management Flowchart. Other models such as Competitive Advantage, the Balanced Scorecard and Strategy Maps ...

The strategy in this case is to compete with the new Thai buffet by offering a Thai option. The process of deciding on that strategy and implementing it is strategic management.