Strategic management is a process that requires the ability to manage change. Consequently, executives must be careful to monitor and to interpret the events in their environment, to take appropriate actions when change is needed, and to monitor their performance to ensure that their firms are able to survive and, it is hoped, thrive over time. Meanwhile, it is evident that transparency. accountability, predictability and participation of all identified stakeholders in the development process are essentials of good governance and attainment of success in any organization. Al these factors are interrelated in the delivery of services, empowerment to the disadvantaged sectors$,$ sound revenue generation and expenditure management. Managing organization is generally regarded as the competent execution of strategic leadership functions and roles which manifest in the effective balance, convergence and harmonization of long$-$term and short$-$term priorities and concerns; and alignment of its vision, mission and strategic goals. Undeniably, leadership effectiveness and proper management have been singled out as the most important factor$-$determinants of organizational success.

As future business leaders, how would you implement$/$apply the concepts of strategic Management in your chosen organization$/$workplace$?$ Cite at least five $(5)$ strategic management concepts and illustrate your answer using a framework or diagram.