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Nowadays, it is very important for companies to plan processes and procedures and
work accordingly. They necessarily need a step-by-step management process which
would make corporate goals and ambitions easy to achieve. The strategic
management process is an efficacious tool that helps companies carry out their
processes in a smooth manner.
The periodic incorporation of the strategic management process is crucial for the
smooth running of the company. As a result, companies are giving more importance
to the strategic management process implementation.