Author Topic: Strategic Management  (Read 1560 times)

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rosabelle

  • Guest
Strategic Management
« on: March 29, 2013, 01:43:02 PM »
Benefits
 
Defines a company’s vision, mission and future goals.
Identifies the suitable strategies to achieve the goals.
Improves awareness of the external and internal environments, and clearly identifies the competitive advantage.
Increases managers’ commitment to achieving the company’s objectives.
Improves coordination of the activities and more efficient allocation of company’s resources.
Better communication between managers of the different levels and functional areas.
Reduces resistance to change by informing the employees of the changes and the consequences of them.
Strengthens the firm’s performance.
On average, companies using strategic management are more successful than the companies that don’t.
Strategic planning allows the organization to become more proactive than reactive

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Barty_Crimp

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Re: Strategic Management
« Reply #1 on: April 02, 2013, 04:16:30 AM »
It is mandatory if you really want success. Planning and research are the first things that you should consider before even starting a business. Without those things, you're lost. Not many people last in the business world without proper strategies and planning because those are what keep you alive and going.

KVChosting

  • Guest
Re: Strategic Management
« Reply #2 on: April 02, 2013, 04:47:24 AM »
Good info, thanks for sharing it with us.

yfsindia

  • Guest
Re: Strategic Management
« Reply #3 on: May 22, 2013, 03:00:37 AM »
It is mandatory if you really want success. Planning and research are the first things that you should consider before even starting a business. Without those things, you're lost. Not many people last in the business world without proper strategies and planning because those are what keep you alive and going.

Yes correct saying and I totally appreciate with you.

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