Strategic Management and Decision MakingStrategic management is a disciplined effort or control to make necessary decisions that impact a business or organization; the purpose of strategic management is primarily to develop new, innovative or different ideas and opportunities for potential or development and facilitate or assist an organization in achieving its objectives (SM, 2010). In reality, strategic management can not only be used or applied to determine mission, vision and values ​​or objectives, but also establishes roles and responsibilities or timescales in a company (David, 2009). In the following sections, this study will focus and examine the nature of strategy formulation, implementation and evaluation activities and analyze potential pitfalls or risks in using a strategic management approach to decision making. the company's mission, objectives, and choice among alternative strategies or plans; involves and involves preparing the best approach to respond to the circumstances of an enterprise's environment, whether its conditions are known in advance or not; being strategic and tactical, therefore, means having clear management objectives; be aware of the company's resources and incorporate both to consciously respond to a dynamic environment (SM, 2010). Since almost all companies have limited resources, top executives and management must determine which alternative plans or strategies will most benefit the organization; strategic management requires attention to the big picture and motivation to adapt to circumstances and consists of the following aspects:Formulation of the future of the organization...middle of the paper...c management or planning presents a structure or agenda for addressing problems and solve problems, therefore, understanding the potential risks or pitfalls of strategic management and being prepared to address them is critical and vital to success. Strategic management not only allows top leaders and managers to be more proactive than reactive in building or developing their potential or prospects in an organization, but also allows them to make the first move and influence activities, accordingly , executives and management can control or responsible for the future of the company and achieve its main goals and objectives. Overall, increasing cost-effectiveness and efficiency, improving value for its stakeholders, and improving customer services and management excellence are the key objectives of strategic management and decision making in an organization.