Strategic management is the continuous planning, monitoring, analysis and assessment of all that is necessary for an organization to meet its goals and objectives. Fast-paced innovation, emerging technologies and customer expectations force organizations to think and make decisions strategically to remain successful. The strategic management process helps company leaders assess their company's present situation, chalk out strategies, deploy them and analyse the effectiveness of the implemented strategies. The strategic management process involves analysing cross-functional business decisions prior to implementing them. Strategy Management system is a multistep process that helps in management of performance management for the Organization. SAS STM combines planning of performance managementby creating an organizational structure based on strategies and functions, aligning resources with the structure, addressing progress, and establishing performance measures.
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