Strategic Managment& Org Dynamic

strategic Management Organizational Dynamics2007Organization s mission becomes the cornerstone for its arranging and is necessary for the memorial tablet to assess the process identifying the objectives of each operational atomic number 18a . Emphasises on the accomplishment of the organisational objectives , which leads forward to it schemeFunctional Area Objectives for Strategic Management The purpose of strategic c atomic number 18 is to determine and lead a picture of enterprise through a system of major objectives and policies scheme is concerned with at unified deputation and efficient allocation of agreements resources . A well made strategy guides managerial action and thought which provides an integrated approach for the presidential term and aids in meeting the challenges posed by the purlieuThe temperament of strategic management is correlated by the following factsIt is a major course of action through which an organization relates itself to its environment particularly in meeting the objectives of the organizationIt is s bl cease of outside(a) and internal factors . To meet the opportunities and threats provided by the external factors , internal factors be matched with themIt is the combination of actions aimed to meet a particular condition to figure out certain problems or to achieve a desirable end . The actions are different for different situationsIt is future oriented which are required for new situations which project not arisen before in the pastIt provides overall framework for guiding enterprise thinking actionsIt requires virtually systems and norms for its efficient espousal in any organizationAttributes of strategic management is characterized by four important aspects1 . Long Term ObjectivesStrategy is speculate keeping in mind the keen-sighted term objectives of the organization . It is so because it emphasizes on long term growth and emergence . Strategy is future oriented and therefore concerned with the objectives which have a long term perspective . The objectives give directions for implementing a strategy2 .

Competitive AdvantageWhenever strategy is formulated , managers have to note the competitors of the organization . The environment has to be continuously monitored for forming a strategy . Strategy has to be made in a sense that the dissolute may have competitive advantage . It makes the organization affiliated enough to meet the external threats and profit from the environmental opportunities3 . VectorStrategy involves adoption of the course of action and allocation of resource for meeting the long term objectives . Amongst the various courses of action available , the , managers have to remove the one which utilizes the resources of the organization in the best possible modal value and helps in the achievement of the organizational objectives . A series of decisions are taken and they are in the same direction4 . SynergyOnce there is a series of decisions to accomplish the objectives in the same direction , there will be synergy . Strategies boost the prospects by providing energyExample to ornament the essence of strategy in a firm relations with chemicals . The scope of the firm relating the product is basic chemicals and pharmaceuticals . The objectives of the firm erect be LEVELS OF STRATEGIC MANAGEMENTStrategic decision...If you want to get a proficient essay, order it on our website: Ordercustompaper.com

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