Strategic management key to boosting firm performance in changing environments.
Strategic management can impact how well a company performs, and this can be influenced by the organization's context. The study looked at existing research on how strategic management, organizational context, and firm performance are connected. The researchers found that strategic management involves setting goals, analyzing strategies, and monitoring progress. Firm performance is measured by financial and non-financial factors. The study highlighted the need for a better understanding of how organizational context affects the relationship between strategic management and firm performance. It also emphasized the importance of aligning strategic management with ongoing performance management and effectively implementing strategies.