Briefly Describe the Four Basic Elements of Strategic Management

question 24

Essay

Briefly describe the four basic elements of strategic management.

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Definitions:

Organizational Culture

The shared values, beliefs, practices, and norms that define the character and behaviors of an organization and its members.

Individual Characteristics

Traits, attributes, or features that define and distinguish one person from another.

Management Function

Management function refers to the core activities performed by managers to achieve organizational goals, commonly segmented into planning, organizing, leading, and controlling.

Training Programs

Structured educational initiatives designed to enhance individuals' skills and knowledge for personal development or career advancement.