Strategic Management in Brief

strategicalal Management In Brief Posted: Jul 20, 2010 |Comments: 0 | circumstances Ads by Google Easy SWOT Diagrams www.SmartDraw.com Professional Swot outline Visuals See Examples. Free Download! Best practices data www.change- care.com exchange management lessons learned from 575 organizations Strategic Management Strategy is the focal point and kitchen range of an organization over the long term, which achieves emulous improvement in a continuously rapidly changing milieu through the efficient and effective use of resources and competencies with the aim of fulfilling stakeholder expectations. Strategic Management is different in nature from other aspects of management. The scope of strategic management is greater than any one body politic of operational management. Strategic Management deals with management of change in dynamic, turbulent and highly volatile situations and environment. It focuses on holistic come on to problem solving. Strategic Management is looking to the future and focuses on learning of and adaptations to environments. The initial step in strategic management is strategic planning. Strategic planning involves finding answers to 3 main questions. They are Where are we now? Where do we want to go? How do we get there?

To succeed in strategic planning, strategic thinking is needed. Strategic thinking is the vision that organizations take on to pursue in the future. It is foreseeing the future today and preparing for it before the changes come. It is too called industry foresight. It is about understanding deeper than competition, creating new industry boundaries and competitive space. In strategic thinking vision should be to voice new things. All the new innovations, such as cellular phones, computer, internet, e-mail are all results of visionary leadership. So it is inherent to think out of the box and be creative when develop new strategies. That is why strategies are the one that proactively shape how a companys business will be... If you want to get a full essay, order it on our website: Orderessay

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