Key terms in strategic management?

Key terms in strategic management refer to a set of specialized terminologies that are used to describe the important concepts, ideas, tools, and principles that form the core of strategic management. These terms are crucial for understanding and practicing strategic management and encompass a variety of areas such as corporate strategy, business strategy, competitive strategy, marketing strategy, growth strategy, organizational design and leadership, and performance management. Some of the key terms commonly used in strategic management include SWOT analysis, competitive advantage, mission statement, vision statement, strategic planning, contingency planning, value proposition, balanced scorecard, and benchmarking. Understanding and mastering these key terms is essential for successful strategic planning and execution, and for staying competitive in a rapidly changing business environment.

This mind map was published on 4 June 2023 and has been viewed 157 times.