The Strategic Management Process - UK Essays.
A strategic management process that is improved helps in facilitating the development of more complex management structures which the organization requires for its survival and growth (Sadler, 2003). This helps the organization in articulating, communicating and monitoring the strategy implementation by use of the interlinked system with the long term vision of the organization.The strategic management process is sometimes improperly perceived as a unidirectional flow of objectives, strategies and decision parameters from management to the employees. In fact, the process should be highly interactive since it is designed to stimulate input from creative, skilled and knowledgeable people working at every level of the business.The strategic management process is carried out in four main stages. Although strategic planning is related to the first two stages, the last two are also an important part of planning. Furthermore, the strategic planning process is an interactive process that should result to continuous feedback pertaining to changes in the environment or the.
Strategic management is the process of strategic analysis of an organization, strategy-focused objective-setting, strategy formulation, strategy implementation, and strategic evaluation and control. Strategic analysis is involved with analyzing the industry in which the organization is operating its business and analysis of both the external and internal environmental factors.Steps in strategic management process Essay Sample. The strategic management process is more than just a set of rules to follow. It is a philosophical approach to business. Upper management must think strategically first, then apply that thought to a process.
Strategic Management Process Organizations develop some form of a strategic management plan to enter, maintain, or continue to enhance their position with other competitors within their industry.The primary goal of any organization is to provide a product or service to produce a profit.Though the objective remains the same regardless of the organization, the strategic management processes may.
