Business Strategy

Strategic management is an ongoing management process that requires high-level leadership and sound business intelligence.

Strategic management assesses the business and the industries in which the company is involved; it assesses its competitors and sets goals and strategies to meet all existing and potential competitors; and then reassesses each strategy regularly to determine how it has been implemented and whether it has succeeded or needs replacement by a new strategy.

Strategy review is vital to meet changed circumstances, new technology, new competitors, a new economic environment., or a new social, financial, or political environment.

Strategic management is a combination of three main processes namely:

  1. Strategy Formulation
  2. Strategy Implementation
  3. Strategy Evaluation

There are many software products available in the market that process and report organizational data and which aid in strategic management.

Strategic Management Services

Strategic Management Research

Strategic Management Report

Advice on Strategic Management

 

Institute of Management Consultants
(New Zealand)
www.imcnz.org

Strategic Management

Strategic management provides overall direction to the enterprise. Strategic management combines the activities of the various functional areas of a business to achieve organizational objectives.

Strategic management is the art and science of formulating, implementing and evaluating cross-functional decisions that will enable an organization to achieve its objectives.

It is the process of specifying the organization's objectives, developing policies and plans to achieve these objectives, and allocating resources to implement the policies and plans to achieve the organizations mission.

 

Strategic Management

Strategic Analysis

Strategy Formulation

Strategy Implementation

Strategy Evaluation

Strategy Review