Strategic Manangement Process

STRATEGIC MANAGEMENT PROCESS. HOW ARE THE PROCESSES INTERRELATED? INTRODUCTION Strategic heed is a wreak for developing and enacting plans to celestial orbit a long goal that takes into account internal variables and external factors. A dodge is only useful when it has been implemented, and hence the nerve must perk up an appropriate structure, clear contributory functional strategies and systems which ensure that the organization behave in a cohesive rather than a fragmented way. Firms use the strategical management process as a rational approach to analyze and determine what supremacy will look like in say triple to five years time. The process analyzes the current state of the melodic phrase and puts in place a road map to make a motion the company from where it is now to where it needs to be. A LOOK AT STRATEGIC MANAGEMENT Strategic Management involves decisions that will shape the futurity of the organization. Strategic management reflects decisions that decide the future course of the attempt and its long term fate. It constitutes an approach to looking at the changes in the internal and external environment that confront any manager. Brinkerhoff (1991 and 1994) characterizes strategic management as looking out, looking in, and looking ahead.

aspect out means, exploring beyond the limitations of your business to set realistic objectives and happen upon key stakeholders. Looking in implies critically assessing and strengthening your systems and structures for managing personnel, finances, and other(a) essential resources. Finally, looking ahead entails integrating your strategy with structures and resources to reach your policy goals, while monitoring your progress and adjusting your approach as needed. THE STRATEGIC MANAGEMENT PROCESS The Strategic Management Process entails ripe set of commitments, decisions, and actions required for a firm to systematically acquire strategic competitiveness. So what does a strategic management process look... If you want to get a full essay, order it on our website: Ordercustompaper.com

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