Figure 1.2
Using the figure above, identify the labeled part.
-Label H: ______________________________
Definitions:
Strategic Management
The process of setting goals, conducting analyses, and making decisions that guide an organization in maintaining competitiveness and achieving long-term success.
Top Management
The highest level of executives and decision-makers in an organization, responsible for strategic planning, policy-making, and overseeing organizational operations.
Big Picture
An overall or broad perspective on a situation, considering all aspects, implications, and interconnections rather than focusing on details.
Strategic Thinking/Planning
The process of developing long-term visions and objectives, and outlining the necessary steps to achieve them, focusing on critical analysis and forward-looking perspectives.