International Strategic Supply Management - Term Paper Example

It is the responsibility of the Management to encourage all positive activities by individuals that leads to the attainment of the organizational goals and discourage all negative activities that proves to hinder the attainment of the organizational goals. All managers must have a single minded focus on attainment of the organizational goals. The strategic management process means setting the strategy for the organization. It can also be defined as the process by which managers make a set of strategies that will enable the organization to perform better, leads towards goal accomplishment and attain distinctive competitive advantage over the competitors.

Strategic management is the on going process that evaluates the business, market and industries in which the organization is involved, evaluates its competitors, and then set goals to meet all the present and future competitor’s and then re-evaluate each strategy made. organization culture, organization image, type of business, Organizational structure, Key staff, Access to natural resources, Operational efficiency, Operational capacity, competitors, Market share, Financial resources etc plays a great role in setting organization’s strategic management process.

Financial market is a place which allows buying and selling activities, there are many manufacturers and consumers available in the market. There are many products available of same type hence that raises competition in the market. The organization must set strategies that will enable them to attain distinctive competitive advantage over their competitors. Organization must realize that in today’s world innovation is the key. As all the producers are constantly trying to get an edge over the other producers in market.

The organization must have the best knowledge about the market before setting their Strategic