Respond to the following in 200-word count content each.
Q1. Day-to-day management involves overseeing all the company’s activities that day. In contrast, the strategic management process allows leadership to plan and think about the company’s future existence. It will enable managers and leaders to set the direction for the organization and its employees. The leaders will be able to develop and test the organization’s day-to-day activities, potentially resulting in greater operational efficiency, market shares, and profitability. Both work together but separately at the same time.
What metrics can we use to make sure things stay on track?
Q2. Essentially, it has a game plan with the knowledge and understanding of the market, competition, financial awareness, and all the responsibilities that come with implementing a business into successful fruition with the capabilities to manage it wisely to maturity.
What sorts of resources does a company use to accomplish all of this?