Reviewed by Julius MansaFact checked by Yarilet PerezReviewed by Julius MansaFact checked by Yarilet Perez Strategic management evaluates and may reorganize company resources to achieve new goals and ...

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.

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...