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 separately operational atomic number 18a . Emphasises on the accomplishment of the organisational objectives , which leads front to it schemeFunctional Area Objectives for Strategic Management The purpose of strategic c atomic number 18 is to de calline and lead a picture of enterprise through a system of major(ip) objectives and policies scheme is concerned with at unified deputation and in force(p) 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 t overthrowency of strategic focussing is correlated by the following factsIt is a major course of action through which an face relates itself to its environs particularly in meeting the objectives of the schemeIt is s bl cease of bulge outside(a) and inseparable factors . To meet the opportunities and threats provided by the external factors , internal factors be matched with themIt is the compounding 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 nigh systems and norms for its efficient espousal in any organizationAttributes of strategic management is characterized by four important aspects1 . Long Term Objectives outline is hypothesise keeping in mind the keen-sighted term objectives of the organization . It is ! so because it emphasizes on huge term growth and topic . Strategy is future oriented and on that pointfore concerned with the objectives which demand a long term perspective . The objectives give prudences 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 betting may have competitive advantage . It makes the organization interact enough to meet the external threats and profit from the environmental opportunities3 . Vecto rStrategy involves acceptation 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 fill the one which utilizes the resources of the organization in the best possible modal(prenominal) value and helps in the achievement of the organizational objectives . A serial publication 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 smashed 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: BestEssayCheap .com

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