1. The art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its long-term objectives
Strategic management involves analyzing the competitive environment and developing plans to gain sustainable advantage.
A gestão estratégica envolve analisar o ambiente competitivo e desenvolver planos para obter vantagem sustentável.
2. The process of managing a company's resources and setting goals for future growth and competitiveness
The CEO presented the company's strategic management plan for the next five years.
O CEO apresentou o plano de gestão estratégica da empresa para os próximos cinco anos.