Object Required
Role of strategic management in organization
Principle
Part and partial part of organization
Theory
The environmental shocks during the decades of the 1970. And 1980 forced managers to develop a systematic means of analyzing the environment,assessing their organization striengths and weakness, identifying opportunity that would give the organization a competitive advantage,and incorporating these finding into their planning.the value of thinking strategically was recognized.
Strategic management is process through which managers formulate and implement strategies geared to optimizing goal achievement, given available environmental and internal condition.
Conclusion
Strategic management helps organization identify and develop a competitive advantage,a significant edge over the competition in delaying with competitive forces. Provide a sense of direction so that organization members know where to expend their efforts.Helps highlight the need for innovation and provided an organized approche for encourage new idea related to strategies.
Published Date
28 Feb, 2018
