Modern organizations have been required to make significant transformations in response to an accelerating rate of change in technical, social, political, and economic forces. As a result of these changing forces, the management process has become more difficult, requiring greater skills aimed at guiding the future course of an organization in a rapidly evolving and uncertain world. These skills are the essence of strategic management. Strategic management is concerned with deciding in advance what an organization should do in the future (strategic planning). It involves determining how the objectives of the strategic plan will be achieved and who will be responsible for carrying them out (resource management)
