Strategic Management Development and Its Impact on Organizational Success

Abstract Strategic management has become one of the most important disciplines in business and management studies because it helps organizations achieve long-term success and maintain competitive advantage. The concept of strategic management has evolved significantly over time, moving from simple planning and policy frameworks to a comprehensive process that integrates environmental analysis, strategic formulation, implementation, and evaluation. The development of strategic management has been influenced by globalization, technological changes, increasing competition, and the growing complexity of business environments. This paper examines the development of strategic management and its impact on organizational success. It explores the historical evolution of strategic management, major theoretical perspectives, and strategic management models such as SWOT analysis, PESTLE analysis, and Porter’s Five Forces. The study also discusses the role of strategic leadership, innovation, and resource management in achieving sustainable competitive advantage. The findings highlight that organizations that adopt effective strategic management practices are more capable of adapting to environmental changes, improving operational efficiency, and achieving long-term growth. Therefore, strategic management remains an essential tool for modern organizations seeking sustainable success in dynamic business environments. Key words: Strategic Management Development, Sustainable Competitive Advantage, Organisational Strategy, Environmental Analysis, Strategic Leadership