The document discusses strategic management, including definitions, levels of decisions, roles of strategists, and the strategic management process. It defines strategic management as determining goals and courses of action to achieve them. Strategic decisions are made at various levels from corporate to functional. Strategists include the board, CEO, managers, and consultants. The strategic management process involves defining vision and mission, analyzing the environment, setting objectives and strategies, implementing plans, and evaluating performance.

10. Different Levels of Strategy Levels Structure Strategy Corporate Corporate Level SBU - A SBU - B SBU - C SBU Business level Functional Finance Marketing Operations Personnel Information Functional Level Corporate Office

31. Environment & Organisation Environment : Political, legal, Socio, Technological, Economic, Cultural Visions Missions, Objectives, Goals, Systems Structures Targets Feedback Corrective Action Input 5 Ms Processes Planning Manufacturing Inspection Packing Outputs Sales, Service, Transport of goods