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Strategic Planning Strategic Management involves the process of setting goals, determining actions to achieve those goals, and mobilizing resources to execute the actions effectively. It requires analyzing the internal and external environment, identifying strengths and weaknesses, and formulating strategies to gain a competitive advantage. This discipline involves making decisions on allocating resources, designing organizational structures, and implementing policies to ensure the organization's long-term success and sustainability. Strategic Planning Strategic Management is essential for guiding an organization towards its vision and adapting to changes in the business environment.