Strategic management involves setting organizational goals and objectives, analyzing internal strengths and weaknesses as well as external opportunities and threats, evaluating strategies, and implementing strategies across the organization to effectively manage resources and achieve goals. It is a continuous process of matching an organization to its changing environment in an advantageous way by examining present and future conditions, formulating objectives, and making and implementing decisions focused on achieving objectives.

2. • THE MANAGEMENT OF AN ORGANIZATION'S RESOURCES IN
ORDER TO ACHIEVE ITS GOALS AND OBJECTIVES. STRATEGIC
MANAGEMENT INVOLVES SETTING OBJECTIVES, ANALYZING
THE COMPETITIVE ENVIRONMENT, ANALYZING THE INTERNAL
ORGANIZATION, EVALUATING STRATEGIES, AND MAKING
SURE THAT THE STRATEGIES ARE ROLLED OUT ACROSS THE
ORGANIZATION.

3. • STRATEGIC MANAGEMENT IS THE PROCESS OF MANAGING
THE PURSUIT OF ORGANIZATIONAL MISSION WHILE
MANAGING THE RELATIONSHIP OF THE ORGANIZATION TO
ITS ENVIRONMENT (JAMES M. HIGGINS).

4. • STRATEGIC MANAGEMENT IS A CONTINUOUS PROCESS THAT
INVOLVES ATTEMPTS TO MATCH OR FIT THE ORGANIZATION
WITH ITS CHANGING ENVIRONMENT IN THE MOST
ADVANTAGEOUS WAY POSSIBLE (LESTER A. DIGMAN).

5. • STRATEGIC MANAGEMENT IS THE PROCESS OF EXAMINING
BOTH PRESENT AND FUTURE ENVIRONMENTS, FORMULATING
THE ORGANIZATION'S OBJECTIVES, AND MAKING,
IMPLEMENTING, AND CONTROLLING DECISIONS FOCUSED
ON ACHIEVING THESE OBJECTIVES IN THE PRESENT AND
FUTURE ENVIRONMENTS (GARRY D. SMITH, DANNY R.
ARNOLD, BOBBY G. BIZZELL).