The Management of a Business Strategic Plan: A Systematic Literature Review

Abstract

The viability of a company depends heavily on its ability to gain an edge not only in its competitors but also in the ever-changing business environment. In today's global economy, it is imperative that corporate leaders always make better decisions than their competitors and maintain a healthy economic position. This can only be achieved with insight, knowledge, skills, experience and leadership. All of this is built on the passage of time and effort. It also reveals and raises questions about the impact management and strategic thinkers have had on the profitability of successful businesses. Therefore, all this can be enshrined in the business strategic plan to create a clear road map for an institution for a specific period of time. After the development of the strategic business plan the next crucial stage is to manage it all the way up to the end of the specified period.