Strategic management is discussed in this essay as a crucial idea in business leadership. In addition to defining strategy, it clarifies the fundamental ideas of strategic management, including strategic vision, objectives, development of strategies, strategy execution, assessment, and taking corrective action. The study additionally concentrates on the board of directors' function in developing and carrying out strategy, as well as the corporate oversight component of strategic management. This study also discusses the organisational, business, functional, and operational layers of pitching strategy. We look at each of these ideas to emphasise how important it is to run corporate organisations effectively and efficiently. Throughout the previous 50 years, the field of strategic management has progressively grown from its relative infancy. During this time, the field has solidified while also broadening the scope of subjects examined and research techniques employed. Many concepts and techniques have been created to address various study issues and explain the factors that contribute to a firm's performance and competitive advantage. Organisations use strategic management, a thorough and continuous process, to develop and put into effect strategies that help them accomplish their long-term goals and objectives. It entails assigning resources, deciding on a strategic course of action, and coordinating internal and external organisational operations. Acquiring a long-term competitive advantage and improving organisational efficiency are the main goals of strategic management. strategic management is a continuous, ongoing procedure rather than a one-time event. Organisations need to constantly review and modify their strategy to succeed in the long run and remain modest as the business climate changes. Leadership dedication and engagement, good communication throughout the organisation, and a readiness to adjust to changing conditions are all necessary for successful strategic management. In order to guide organisational management, Reviewing the literature on the important ideas is the goal of this effort that determine the approach to strategic strategy formulation, organisational frameworks, and strategic evaluation, while also accounting for the effects that various types of techniques have on an organization's performance.