12005. STRATEGIC MANAGEMENT IN A CHANGING BUSINESS ENVIRONMENT. This paper provides an overview and analysis of strategic management in the contemporary business environment. Following a definition of strategic management and a review of its central principles, the analysis looks at how the discipline is evolving to meet the challenges of globalization and a rapidly changing, often chaotic business environment, citing examples of the application of strategic management tools and principles within a variety of organizations. KEYWORDS: strategy strategic management pest globalization organizational change. APA Style. 10 pages, 30 footnotes, 21 bibliographic sources. 2,640 words.