Objectives of strategic management, Operation Research

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Problem

What are important objectives of strategic management and the causes for failure t of strategic management

Objectives

To keep pace with the changing business environment
To motivate Employees
To strengthen the decision making process

Causes for failure

Fundamental premises do not hold good
lack of realism
over-ambitious young Managers management may overlook or ignore several lucrative opportunities
Failure in implementing the strategy effectively.
Inadequate experience, expertise and commitment of people.
Ignoring the benefits derived in the medium and long term.

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