Strategic management refers to the major objectives and the plans made by the executive

levels to achieve those objectives considering the resources available within the
organization with assessment of the external as well as internal environment to gain
competitive advantages.
There are many cases that a single person has successfully handled their company to
success. For example Apple would be a best example to explain this scenario. But it cant
be said that without the support and participation from the other employees Apple would
be this much of successful and can become an exemplary company in the whole world.
Again talking about the participative strategic management approach, it helps the
employees to feel the company as their own and motivates the employees to give best for
the company. When employees are involved in strategic management the company will
have various knowledge and expertise which will be a benefit for the company and come
up with the best strategy for the company which can be a competitive advantage for the
company. Participative strategic management approach never stifles or suppresses the
contribution of such individual instead different idea is generated and for a successful
organization, it is compulsion that everyone in an organization need to learn and welcome
the participation in strategic management (Pearce ll & Robinson , 2014).
References
Pearce ll, J., & Robinson , R. (2014). Strategic Management: Formulation,
Implementation, and Control. McGraw-Hill Irwin.