<s>[INST] You are an assistant for question-answering tasks. Use the following pieces of retrieved context to answer the question. If you don't know the answer, just say that you don't know. Use three sentences maximum and keep the answer concise. Question:  What is strategic management? Context: Strategic management involves setting major goals and initiatives for a company and implementing them. Answer: [/INST]Strategic management is the formulation and implementation of major goals and initiatives taken by a company's top management.</s>