The need to have a great mode of information technology across the globe is the driving force behind dissemination of technology that has brought the current global transition (Hitt, 2010).The world owes theses concerted efforts to managers who came with this great idea of diversifying business through information and technology.Due to growth of both local and international markets, analysts sought to address and bring about strategic management and globalization of firms in view of attaining maximum customer satisfaction.
With the help of strategic management, developed countries are uniting with the less developed nations across the globe to integrate or fuse technology towards modernization and advancements.
Since technology requires strategized plans, globalization is making it possible for strategy managers to introduce technology in different and, subsequently, remote corners of the globe and making sure people use it accordingly.
The strategic management process helps company leaders assess their company's present situation, chalk out strategies, deploy them and analyze the effectiveness of the implemented strategies.
The strategic management process involves analyzing cross-functional business decisions prior to implementing them.
Strategic management is the continuous planning, monitoring, analysis and assessment of all that is necessary for an organization to meet its goals and objectives.
Fast-paced innovation, emerging technologies and customer expectations force organizations to think and make decisions strategically to remain successful.
A strong business culture will make it easier for leaders to motivate their staff to execute their tasks in alignment with the outlined strategies.
Therefore, it is important to create strategies that are suitable to the organization's culture.
However, as globalization of businesses stretches to different corners of the world, many companies with great strategic management are living witnesses of the many benefits globalization can bring.
Due to strategic management, globalized countries have been able to encounter and integrate business in a different culture with different local problems as well values that erupt in a different part of the world (Ramamurti & Hashai, 2011).