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Is strategic management an approach to asset management? Why? I already know that Managment and advisory...

Is strategic management an approach to asset management? Why? I already know that Managment and advisory firms along with investment companies are approaches but I am not sure on strategic management. I believe that all need to be strategic but not sure.

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Yes, the strategic management is an approach to asset management because in strategic management we make such strategies so that there will be effective allocation of large amount of resources. Now in an industry, resources are assets and to arrange them in an effective manner is called asset management. This is functional or operational strategy in which the strategists focus on managing frontline operating units of the company.

So, we can say that strategic management is an approach to asset management.

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