5 Types of Strategic Management Strategic management is the process of developing and carrying out plans to realize a broad business strategy. The goal is to allocate resources, which entails developing a plan of action for how the company will spend resources in order to capitalize on its competitive advantage and accomplish its objectives. Making strategic decisions that harmonize a company's plan with its core strengths also requires monitoring the effectiveness of an organization's strategy over time. Mainly, there are 5 types of strategic management representing the organizational focus and action. 1. Competitive Strategy 2. Business Strategy 3. Corporate Strategy 4. Functional Strategy 5. Operational Strategy https://desklib.com/blog/5-types-of-strategic-management/  #strategic #management #assignment #study #students #onlinestudyresources #desklib