Advantages and disadvantages of strategic management, its stages and components

This article discusses the main advantages and disadvantages of strategic management, as well as its stages and components. Its relevance is due to the fact that the strategic management process is a method by which managers develop and implement a strategy that, if properly implemented, leads to a sustainable competitive advantage. Its components were described in more detail as: goal setting, information collection and analysis, strategy formation and implementation, monitoring. When using strategic management, it is necessary to familiarize yourself with its advantages and disadvantages at the first stage of decision-making, the analysis of which carried out in the article will help to understand whether this method is suitable for achieving the goals set.