Strategic Management is a concept that concerns with making decisions and taking corrective actions to achieve long term targets and goals of an organization. The importance of strategic management in a firm can be answered by analyzing relationship between strategic management and...

This paper brings theoretical arguments that support good business administration practices. The European business environment (see the EU motto: united in diversity) is as homogeneous in terms of legislative areas (i.e., the single market, economic and monetary union, fair competition...