Strategic Management Tools and Techniques

The global economy nowadays is residing in condition of globalization. Companies are colliding with the problem of fast changing and rapidly growing market. The useful constituent and sustaining element in each company is strategic management. Many managers face to a problem "Where do I start?" One of the efficient element of strategic management is strategic management tools and techniques, which helping companies to find the right direction, to choose the strategies and support in the decision-making. This paper discusses the problems of strategic management tools and techniques which are important not just for the managers but also to the researches. The paper based on a review of strategic management tools and techniques in theoretical and practical research in the area of strategic management. The major sources of writing this article are strategic management books, academics journal papers and conference articles.