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Introduction to Strategic Management
What is strategic management?
Strategic management is the process of developing the long term goal and encompasses it as an integrated future-oriented managerial perspective. It helps in identifying the long range of targets in meeting the needs of the organization. It helps in fulfilling the main goals and objectives in the organization. Strategic management helps the members in guiding them to achieve the vision and develop the necessary process and procedures to achieve that goals in future for long run and short run. It helps in planning, recognizing and then evaluating and implementing the rules, process and policies of the organization. It helps in moving towards the goal.
Strategic management helps in many parts of the organization:
It creates a vision for the organization for its future.
It develops the goals and objectives for the organization to achieve the goals and objectives.
It helps in setting the goal, accomplish the goals, and relate the organizations with long term goals and objectives. It enables to understand the goals and objectives to articulate the vision of the organization.
Strategic management helps in setting the goal, make the analysis of the goals and plan the process, build the constituents, implements the design and structure the organization.
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Why strategic management?
Strategic management helps in managerial tools which constitutes a proper mind-set and positive approach to look for the changes in internal and external changes that involves a special thought process and a way of thinking. It helps the manager to develop the strategic approach for a long term for future goals and future approach which will constitute proper benefits.
It helps the manager to achieve the goals and objectives to shape the change of the environment and help the impact of the change. This approach best fits the organization between environment and organization. This approach helps in maintain the close fit with the environment; it requires monitoring which helps in recognize the goals and activities. The attitude, the approach and the behavior are really an approaching way to think about the manager and the policies to implement. It also helps in the mission, vision and the strategies of the organization. It helps in identifying the organization’s strengths and weaknesses. It helps in the threats and opportunities of an organization or environment.
The top management needs to define their goals and objectives which help in achieving the actual needs and wants of the customers, strategic management is the approach to examine the results and to make some fundamental changes which will be helpful in determining the most probable strengths and weakness of the organization to achieve the common goals and objectives.
This gives better idea to examine the performance of the organization to achieve the main part and achieve the resources used in this strategy. It helps in achieving the excellent research and analysis and tools to achieve the task. The organization will achieve the flexibility and be ready to describe certain useful and important measures for terms of future point.
Strategic management controls certain weaknesses and improves the best part in the organization to achieve the motives and ambition. It decides about the implementation of the steps which have been planned so organization very easily achieves its overall strategy. For achieving certain goals and objectives, organization assigns and allocates certain roles and responsibilities to its employees to reach the final point and achieve the destination. The success can be achieved by the helps of successful completion of the ideas and planning in the organization with the help of different groups and department together to achieve the main point.
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