The impact of information technology and the need to focus on the competitive advantage of information. A change in one part affects several others Allowance for continuous feedback and updates. Involves all levels of the organization. Themes of Strategic Management Global considerations impact virtually all strategic decisions. Information technology has become vital.
Natural environment is an important issue.
Intuition and analysis are intertwined. The critical importance of proactively creating the future. Early Definition Determination of basic long-term goals and objectives Adoption of courses of action Allocation of resources necessary for carrying out these goals Chandler, A. 1962. Stages of Strategic Management I. Strategy Formulation 1. Determining internal strengths and weaknesses Controllable activities within an organization that are performed especially well or poorly .