Strategic management is a contemporary approach formulated by the scientific society of modernized world regarding the aspect of management. It is generally an approach in management and planning wherein certain steps and procedures are develop and systematically incorporated in the normal process to achieve the desired goals of the institution…
Strategic planning is viewed to possess many advantages in the management aspect of the institution. These advantages manifest as this approach generally maintains the focus of the group towards their objectives and goals. Also, strategic planning also ensures that the different factors involved in the group's action are indeed incorporated and be well regarded in their plan ahead of time. Management who uses this approach becomes fully aware of the things and aspect that must be dealt with thus minimizing the certain issues of uncertainty and disconcertment. In addition to that, the efforts of the groups are well distributed to all the works and issues that must be addressed thus, minimizing waste and worthless efforts. However, strategic planning also do posts several disadvantages to the group and this is mainly related to cultural changes and ambiguity in the plan. Commonly, strategic planning comes in contrast with prevalent cultural trend in a certain locality thus, this approach also require change and adaptation when it comes to its implementation. Another is the ambiguity regarding the planning part where the strategy is mainly formulated with underestimation and overestimation, coordination failure, failure in following the created plan, resistance to the implementation of the plan, and others.
If critically analyzed, it is evidently true that the advantages of strategic planning do outweigh is disadvantages regarding the achievement of the goals and objective of the group. The main roots this approach flaws can actual be viewed to be in relation to the culture trend and the planning itself. Strategic planning is indeed relevant because it can actually focus the efforts of the groups to the objective and keep all pertinent issues and aspect at perspective however, the plan itself must be created with the participation of every individual in the group for it for efficiently function. The group itself is composed of different individual and that their presence and support is indeed valuable thus they must all be regarded in the aspect of planning. If this concept if significant implemented in the formulation of the strategic management approach then the said value can actually be advantageous for the group towards the achievement of their primary goals and objectives.
Case Based Analysis
Today's business world is totally different form what the business industries were about ten years ago. Indeed, with the introduction of Information Technology to the globe, along came the different innovations for the business activities in the present system of global trade. This is the reason why many traditional organizations take the option in changing the way they approach the business world in attaining their goals of gaining profit. Among the corporations usually changing their systems are publishing business corporations. This is mainly due to the fact, that with the business of information distribution, a larger scale of customers is needed to support the said industry. Surely, with the traditional set up of business industries, a corporation's aim of reaching the most number of customers may not be that possible. But because of the emerging of virtual business and e-commerce, reaching a worldwide range of different customers had been possible for publishing companies in the present ...
Cite this document
(“Strategic Management Procedures Case Study Example | Topics and Well Written Essays - 2500 words”, n.d.)
Retrieved from https://studentshare.net/business/310472-strategic-management-procedures
(Strategic Management Procedures Case Study Example | Topics and Well Written Essays - 2500 Words)
“Strategic Management Procedures Case Study Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.net/business/310472-strategic-management-procedures.
The author gives recommendations for new leaders in the hospitals how to take the responsibility to manage the change. He advices to have the ability to transform the overall organization and need to have the capability to communicate regarding the changes to the rest of the people in the organization so that the quality doesn’t get hampered.
The implications generated through a slight deviation in not meeting the potential needs of general stakeholders could be pervasive, influencing the culture of an organization, its structure and strategies encompassing operational procedures
The main customer base of the company comprises of smaller hotel business, breakfast and bed establishments. The core business of Hardeep software is to sell a specialized accountancy software program to its customer companies through computer shops, the trade and internet sales, so that they could keep track of their record transactions, room occupancy rates, data base of customers, invoicing, payment made to suppliers, and prepare year end accounts.
The organization is also affected by the economic, political, legal, social, technological and international variables of the times. All managers, whether they work in the public or private sector, operate in the same external environment. They face common pressures that the environment exerts on them.
In the field of accounting, Moss Adams wishes to maintain its position and to become the number one consulting firm which seeks to serve the wine industry by offering enhanced and improved services in order to meet the needs of the industry.
The strategic experts of Moss Adam have the responsibility to design and execute the strategic management procedures and measures.
To accomplish this, Toyota Industries actively promotes cooperative support activities with the objective of contributing to society through the provision of human resources, facilities, and funds. Toyota Industries' employees also endeavor to be of service to the community through activities such as volunteering.
Business strategy has also been called a blend of luck, opportunism, design and judgement which, when considered appropriately based on an analysis of the external market environment, can bring a company success in their existing marketplaces. This report identifies a variety of different theoretical frameworks and professional opinion regarding strategic management and its role in today's businesses.
At present, the Imperial Tobacco Company is producing a large variety of cigarettes with the help of its technological innovation, which helped the company to retain their lead position in the market. "A consistent benchmarking system across the factories and are looking to develop this further, extending productivity and efficiency measures to the supply chain, logistics and distribution activities." (Imperial Tobacco).
Logically therefore AIB turned to other foreign markets, notably the UK which presented two interesting features: a market that was an order of magnitude bigger; and a language and context compatible with AIB's development up to that point.
The strategic development pursued by AIB to achieve objectives of growth displayed a number of separate components that suggest that at the beginning, there were several autonomous strategies.
ility-scale power generation and fuel displacement Hybrid Systems, striving to achieve environment, economic and budget friendly solar electricity worldwide. The company operates in two segments: i.e. designing, manufacturing and selling solar modules (component segment) and
18 Pages(4500 words)Case Study
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Case Study on topic Strategic Management Procedures for FREE!