How does strategic management work? Setting the course for a long-term positive development of the company is a core task for leaders at all levels of hierarchy. To successfully tackle this, solid knowledge of strategic management is essential. Fred G. Becker provides you with all the key goals, tasks, and tools of strategic corporate management. In the 5th edition, you will find many new illustrations and examples, and all content has been carefully updated. Management functions, theoretical approaches to strategic leadership, tools for environmental and corporate analysis, strategy systems and processes, personnel and organizational support systems, as well as broad control approaches are covered. This book offers a systematic introduction to a key business competence for both academic study and corporate practice.