We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Strategic management - Essay Example

Comments (0) Cite this document
Summary
The objective of this research is to acquire a better insight of strategic planning. The researcher of this essay aims to pay special attention to the purpose and values of strategic plans; overview of the strategic planning process; definition of different strategy options…
Download full paperFile format: .doc, available for editing
Polish This Essay98.6% of users find it useful
Strategic management
Read TextPreview

Extract of sample
"Strategic management"

Download file to see previous pages This paper focuses upon the strategic planning as an analytical process for organizing the present on the basis of desired future projection. So, it is a transparent road map which is used to lead an organization from its current position to the near future i.e. in next five or ten years where it would like to be. It is very necessary for all division in an organization to have their own strategic plan. There are some important characteristics in a strategic pan. It should be simple to be understandable for the persons or employees who will implement this. It needs to be clearly written based on the current actual situation of an organization. A strategic plan should have enough time allowed for settling down the objectives and adopting new strategies. It should not be rushed to implement a strategic plan. The main purpose of strategic planning is to structure the long term goal of an organization to assist the associates involved with the organization in developing priorities and effective serve for sustainable outcomes. The plan must be practical as well as flexible so that it can be used as effective guide for implementing programs. Evaluating the outcomes and making necessary adjustments in the process. Another of purpose of strategic planning is to improve probable chances of desirable and possible outcomes. There are important values of planning which integrate the performance of an organization. It helps to prepare the contingencies which can prevent an organization from unable of attaining goals....
There are important values of planning which integrate the performance of an organization. It helps to prepare the contingencies which can prevent an organization from unable of attaining goals. Planning enables an organization to develop a framework for estimated growth and progress. An effective strategic plan influence the organization to adopt an efficient strategy for proper allocation of resources in particular manner will allow enable it to achieve its goal (Thorton, 1986, p.5). B. Overview of the strategic planning process An organization is benefited by strategic planning to have an effective focus on attention and resources in the away to goal. The strategies help the organization for progress and growth by successful implementation in the macroeconomic level i.e. in the volatile global and national business environment. An organization can develop effective budget, gain efficient collaboration and cooperation inside and outside the industry of the organization. It helps the organization to focus on the important work for a particular timeline. Another function of planning process is that the processes develop a framework of estimation of work need to be done with respect to deadline i.e. what need to be done and when. By this process the leader of a division can track the process so that he can monitor the growth of the process and take essential actions related to the strategies as well as activities in the programs. The macroeconomic business environment fluctuates all the time, even a smallest changes in the micro level i.e. in the industry where the company belongs, can ruin a best strategic plan. If a continuous monitoring is done in the strategic planning process, it will help the leader as well as the organization to evaluate the progress rate ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategic management Essay Example | Topics and Well Written Essays - 4000 words”, n.d.)
Retrieved from https://studentshare.org/management/1396405-strategic-management
(Strategic Management Essay Example | Topics and Well Written Essays - 4000 Words)
https://studentshare.org/management/1396405-strategic-management.
“Strategic Management Essay Example | Topics and Well Written Essays - 4000 Words”, n.d. https://studentshare.org/management/1396405-strategic-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Strategic Management
This means that strategic management brings together the mission, objectives, and vision of a firm and develops policies and plans then allocates resolves to allocate resources to the set plans and policies in order to ensure their implementation (Wheelen & Hunger, 2011).
3 Pages(750 words)Essay
Strategic Management
Strategic Management Name: Institution: Strategic Management The success of any organization regardless of its affiliation depends on how it conducts its strategic management. This allows an organization to analyze all the key initiatives that the top management of the company undertakes on behalf of its key stakeholders.
4 Pages(1000 words)Essay
Strategic Management
The purpose of strategic management is to create new and different opportunities for the organisations to sustain in its usually competitive environment. In brief, the notion of strategic management is fundamentally described as the procedure of devising along with executing effective strategies with the intention of supporting an organisation to attain its expected business targets (Nag et al., 2007).
4 Pages(1000 words)Essay
Strategic management
Crisis management plan must be prepared keeping into consideration the overall safety of the strategic planning process. The aim of the strategic management in such needful situations is to enhance the organizational capacity in responding to the crisis and make strategic plans to effectively overcome from the identified obstacles (European Interagency Security Forum, “Crisis Management of Critical Incidents”).
15 Pages(3750 words)Essay
Strategic Management: Strategic Choices
Main products of the company are printers, personal computers, network management software, high end servers etc. Company is operating its business globally in several areas like printing, computing, digital imaging. Beside this, the company is also providing software and services.
4 Pages(1000 words)Case Study
Strategic Management
Strategic management in the public sector is a complex process since there are multiple stakeholders with varying needs and limited resources available. There are various approaches to strategic management in the public sector.
8 Pages(2000 words)Essay
Strategic management
In an article published in the Wall Street Journal on 7 May, 2009 and titled Arbitron, Looking To Make Strategic Investments, Takes Page From Cisco, Ty McMahan wrote about the recent decision that had recently been taken
2 Pages(500 words)Essay
Strategic Management
r changing surroundings, managers need to constantly analyse and decide on the actions that would increase the efficiency of a firm’s operations and enable it to survive the competition. This is where strategic management play a vital role in the organisation’s survival. The
10 Pages(2500 words)Essay
Strategic management
The secretary general stated that Qatar’s education sector was now ready to enter into a strategic partnership so that the institution
1 Pages(250 words)Essay
Strategic Management
Strategic management requires extensive planning in any organization since the company’s future relies on prior set goals and objectives. The planning
8 Pages(2000 words)Essay
Let us find you another Essay on topic Strategic management for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us