Business Ethics

Definition of Business Ethics as it relates to Business, Human Resource Management, Employee Relations

Strategic management encompasses the formulation and implementation of strategies designed to achieve organizational goals, integrating functional areas such as business, human resource management, economics, and other disciplines. It involves anticipating and responding to external environmental factors while optimizing internal resources, competencies, and capabilities for sustained competitive advantage. Strategic management is a continuous process of analysis, planning, execution, evaluation, and adaptation aimed at maximizing shareholder value, fostering innovation, and promoting social responsibility in alignment with the organization's mission, vision, and values.

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