There is a Japanese saying that goes, "When you're dying of thirst, it is too late to think about digging a well." This saying exalts the importance of strategic management to success in any endeavor.

The phrase "strategic management" is sometimes used as a synonym for "strategy," but the two terms are not actually the same. A company's strategy is its plan for victory in competition with other ...

Here's a great article brief from Harvard Business Online on why businesses need an Office of Strategy Management or OSM. The article argues that most businesses fail to reach profitable growth ...