Abstract:
strategic management is the formulation and implementation of the major goals and initiatives taken by an organization'stop management on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization competes. In the recent
decade, sustainability (ability to successfully sustain an organization) in a context of rapidly changing environmental, social,health, and economic circumstances has emerged as crucial aspect of any strategy development Strategic management practices have been observed to significantly relate to the sustainability and growth
of firms in the wake of modern corporate governance systems
globally. This paper looks into the influence of strategic management
practices on the sustainability of state corporations. In so doing it
draws some strategy challenges that are faced by the state
corporations and recommends the need to reform corporations so as
to reap in economic growth
