Final answer:
The managerial tools for Strategic Management include SWOT analysis, forecasting, and VRIO analysis.
Step-by-step explanation:
The subject of the question is Strategic Management. Strategic management involves the long-term planning and implementation of an organization's goals and objectives. It includes activities such as analyzing the organization's internal and external environment, setting strategic objectives, and allocating resources effectively.
SWOT analysis is a tool used in strategic management to assess the organization's strengths, weaknesses, opportunities, and threats. It helps identify areas where the organization can capitalize on its strengths and address its weaknesses.
Forecasting is another managerial tool used in strategic management. It involves analyzing historical data and current trends to predict future outcomes and make informed decisions.
VRIO analysis is a framework used to analyze the organization's resources and capabilities. It assesses whether the resources are valuable, rare, inimitable, and organized, and helps identify competitive advantages.