Faculty. PG. Commerce and Business Admnistration, T.M. Bhagalpur University
Online published on 15 March, 2019.
This paper examines the success in corporate sector through strategic management. In recent times world economy has witnessed a lot of dynamism and challenges. The successes in corporate sector will depend on management's recognition of the following functions: analyzing the environmental changes, selecting the strategies to achieve objectives, assign responsibilities and implementing the strategies, measuring success and evaluating results. The comparison between the Eastern and Western corporate sector also helped in understanding the role of culture and environment in devising the strategy for the businesses organization. The paper also examines how proper implementation of the strategic management in a business organization can provide a solution to ailing corporate firm.