Monday, December 26, 2011

Identify the importance of Strategic Management.

Importance of Strategic Management:

There are a lot of advantages that can be facilitated by strategic management. Some of these advantages have been enlisted below in order to show the importance of strategic management. They are-
  • Strategic management provides clear objectives and directions for employees that motivate people to perform activities effectively and efficiently to achieve such goals.
  • It enhances the problem prevention capabilities of the firm as a consequences the firm can avoid unexpected deleterious effects of problems on the firm.
  • It helps to uncover the best available alternatives through its group based strategic decisions.
  • It clarifies the role differentiations among participating members that bridge-up the gaps and overlaps in activities among diverse individuals and groups.
  • Strategic management reduces the resistances through adaptations of appropriate change strategies to make people oriented to change.
So we can now clarify that the strategic management is an important part of the management body of any organization.

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