Systematic Literature Review Strategic Management Practices: Trends, Challenges, and Future Directions Mavrilo Richard K. Saija1 Pricylia Chintya Dewi Buntuang2 Agnes Theodora Charon3 Tirta Tiara Sapitri4
Student of Management Undergraduate Study Program, Faculty of Economics and business, Tadulako University
Abstract
This article presents a review of strategic management practices, focusing on current trends, challenges faced, and future directions. The purpose of this study is to determine the trends and challenges that will be faced in strategic management practices. The research method used is a systematic literature review. In an ever-changing global context, strategic management practices are essential to maintain competitive advantage and organizational sustainability. By conducting an in-depth analysis of various academic sources and recent studies, we found several key trends, challenges, and directions in strategic management. Despite much progress, challenges such as market uncertainty, changes in consumer needs, and pressures from the external environment remain obstacles to effective strategy implementation. This article also explores the future potential of strategic management practices, emphasizing the need for more innovative approaches. These findings provide valuable insights for academics and practitioners in designing strategies that are able to face the dynamics of today^s strategic management. Overall, the results of this study conclude that adaptability, effective communication, the use of modern technology, risk management, and the participation of all members of the organization are essential for success in a dynamic and challenging market.
