The distinguishing characteristics of strategic management is its emphasis on strategic decision making. As organizations grow larger and more complex, with more uncertain environments , decisions become increasingly complicated and difficult to make.
Planning mode: this involves systematic information gathering for situational analysis generating alternate strategies and selection of appropriate strategy this modes includes both reactive and proactive solutions to current problems.
Logical Incrementalism : it can be viewed as synthesis of the planning , adaptive, and to lesser extend, the entreprenuerial mode, an interactive processes in which the organization probes the future , experiments and learns from series of partial commitments rather than through global formulations of total strategies.
It provides a checklist of questions, by area or issue,that enables a systematic analysis to be made of various corporate functions and activities.
Are examination and evaluation of strategic management processes including measuring corporate performance against the corporate strategy. Whenever a deficiency is noted or performance of an organization is sub-par, the organization may elect to perform a strategic audit.