What is strategic management and what are the problems involved in implementing?

Problems of successful implementation centre around how well or badly the existing organization responds and how adequate its reporting proves to be.According to Arthur,In practice there are four problem areas associated with the successful implementation of strategies:

The first problem is that, although strategies need to be developed around the business units (SBUs), of the corporation, these units often do not correspond to parts of the organizations structure. Business units have an external market-place for goods and services, and their management can plan and execute strategies independent of other pieces of the company.