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Strategic management is one of the integral subjects of business management studies that function to plan, design, direct and retrieve strategic progress of an organization or firm so to ensure increased production rates and improved customer care. It includes principles of general managerial processes, smart planning about production systems, plant management strategies, production control planning, supervisory planning of cost controls, material planning, equipment planning, labor relation and effective trade planning. To perform all these operations; strategic skills, rational analysis and knowledge of strategic planning principles are the key elements for a successful business.



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