Strategic management is an art and science from making, implementing, and evaluating strategic decisions between functions that enable an organization to achieve future goals. Strategic management, focuses on integrating / combining aspects of marketing, research and financial / accounting development and production / operations of a business. Because it integrates all business functions, strategic management is used as a name for the currency in business administration. Strategic management consists of three processes: a) Making strategies, which include developing long-term mission and goals, identifying opportunities and threats from outside as well as company strengths and weaknesses, developing strategic alternatives and determining strategies that are suitable for adoption. b) Implementation of strategies, including the determination of annual operational targets, company policies, motivating employees and allocating resources so that the established strategies can be imple