Strategic management is the process in which you put down a company’s goals, policies and objectives in a format that can be implemented downwards and in a simple and practical way. One of the main ways in which firms have tried to ensure that their mission and plans are presented in a way that workers can understand is through a top down strategic planning model. This is a model where top executives will come up with the company’s policy and after a certain period of time communicates it down to the rest of the organization so that it can be … Read more at Free Business Cards
A business is an organization. It contains a set of employees who manage, direct, supervise, plan out the strategic management and do the legwork. Some even have team buildings to enhance their company’s performance and hire team building consultants.
An integral part of having a business is to have a strategy. Strategic management is no easy feat. It is performed by general managers in behalf of the owners utilizing available resources to enhance the business. It entails specifying the company’s mission, vision, values, goals, objectives, roles and responsibilities of each and every employee.
Strategic management includes detailed planning and … Read more at Free Business Cards