What can be defined as the art and science of formulating implementing and evaluating cross-functional decisions that enable an organization to achieve its objectives?

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2026-08-25 23:25

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The art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives is known as strategic management. It involves integrating insights from various departments to create cohesive strategies that align with the organization's goals. This process encompasses analysis, decision-making, and performance assessment to ensure effective resource allocation and long-term success. Ultimately, strategic management aims to foster adaptability and competitive advantage in a dynamic business environment.

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