I will share with you guys what I understand from this chapter :)
Strategic Management is all about making good decisions with various of analysis to measure the decisions and risks involve in choosing any decisions. An organization needs a strategic management to achieve their short term and long term goals. They have to consider their strength, weakness, opportunity and threat. For example, to measure all of this, they can use SWOT Analysis. It is the simplest and easiest analysis. From various different measurements, they can list their competitive advantage and improve their organisations.
From the Strategic Management, employees can have a better understanding about their job and how to maximise their ability to achieve their goals. The employees would not have any confusion and they can work efficiently. Thus, will enhance company's performance!
Strategic Management benefits organisation or company in many ways! I would implement Strategic Management in my company when I have one :)
xoxo,
No comments:
Post a Comment