While the discussion in this article describes the shareholder value creation process, which as mentioned is a financial model concept, it is the essence of strategic management as well.

The strategic management process consists of five steps. First, the business owner analyzes the barriers to organizational success as well as any opportunities that may exist.

Specifically, learn: A practical strategic management process and how to use the framework for planning and developing a unit’s strategic plan. How to translate high-level goals into actionable plans ...

Strategic Management Journal, Vol. 13, Special Issue: Strategy Process: Managing Corporate Self-Renewal (Summer, 1992), pp. 153-167 (15 pages) This paper reports the results of a study that ...

Strategic management planning is instrumental in helping a company achieve its goals. For a business to grow and thrive, the team needs to be a well-oiled machine that knows what it’s working ...

Managers spend a great deal of time preparing, researching and communicating the strategic management process, which may impede day-to-day operations and negatively impact the business.

Structure-conduct-performance (SCP) and resource-based logics are two prominent theoretical explanations within strategic management for how firms gain and sustain competitive advantages.