Defining strategic management- 
    Strategic management can be defined as the art 
       and science of formulating , implementing and 
       evaluating cross-functional decisions that enable 
       an organization to achieve its objectives .
    Strategic management focuses on integrating - 
    (management , marketing , finance , accounting , 
    production , operations , research and development, 
      .and MIS ) to achieves organizational success
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                         The term strategic 
                       management is used 
                        synonymously with 
                         the term strategic 
                       ? planning . Is it right
                                         
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                          The purpose of 
                    strategic management 
                     is to exploit and  create 
                         new and different 
                          opportunities for 
                               tomorrow
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   Strategic plan is in  essence , a company’s  game plan- 
     - A strategic plan results from tough managerial choices 
       among  numerous  good alternatives .
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     :Characteristics of strategic management
    1- strategic planning is not a reaction to short term 
      changes , it is response to long term perspectives 
    2- strategic planning is qualitative in nature and 
      reflects
     a realistic imagination of how the future looks
    3-  it is not the plan for any single function , it is the 
      integration of all major functions of the firm  
    4-  it is not a normative statement , it is a road map 
      which describes in general terms ,  the steps the 
      firm should undertake to get there .
    5- it is a set  of practical , well-thought-out 
      perspectives and actions on how to deal with 
      uncertainties  and ambiguities of the future .                       6