Strategic management is at the heart of management science. Strategic management takes a long-term and broad firm perspective, and in the broadest sense, strategic management deals with three questions:

(1) For what does the firm stand?
(2) In which environment does a firm operate?
(3) How can a specific firm achieve a competitive advantage in the field(s) it operate in?

Learn how firms develop strategies and how these strategies are implemented. A prudent strategic decision maker should be aware of the various approaches since a comparison and combination of the different perspectives may yield creative and innovative solutions. Mastering strategy will give you the tools to ensure your organisation’s sustainable competitive advantage.