An Introduction To Organizational Strategic Management

Strategy is a set of complicated tactics formulated by the executives of a company directed towards the achievement of company’s goal (Salmela, 2002). It is about all the path ways that a company would follow to reach its ultimate goal. It is a company’s strategy which helps to identify what it does better than the other companies in the industries, which may be different from what it does best. For successful strategy formulation and implementation, a company should know the needs of customers and should have knowledge of its competitors. Through a good strategy a company would identify that opportunity which makes it different from the others (Thompson, 2005).

Finally, strategic management entails allocating the right amount of resources to the different parts of your business so that those assigned to particular goals have what they need to meet their objectives. This ranges from providing your workers with the right supplies to enacting systems by which employees receive the necessary training, all work processes are tested, and all information and data generated is documented. To effectively manage your business strategically, every inch of your company must have its needs met in these ways, so all parts can work together as a seamless, highly functioning whole.

Organizational goals are the overall objectives, purpose and mission established by the leaders/owners of a business. These goals are typically focusing on the long range operational goals of the company. These goals should and generally are communicated to each employee at the beginning of their employment with the company. By clearly

Organisations are made up of individuals brought together to enable the organisation to achieve its mission. The organisation's structure will determine how these individuals are brought together and how they relate to one another. The success of the organisation is dependent on each individual working together to achieve the common

Strategic planning involves making decisions about the organization’s long-term goals and strategies and how the organization decides to implement their goals (Bateman, Snell, Konopaske, pg. 113). Strategies help organizations to have a clear perspective on how to go about accomplishing the goals they have in place. All organizations have a clear vision of what their mission and purpose as a company is, they know how to fulfill the mission, vision, and purpose and they know how to ensure that they accomplish all their goals. However, the route the organization takes to define these things determines how effective they will be.

To make these goals effective and efficient objectives are important. It gives an organization right direction to achieve its goal, that is why organizational objectives should be specific, measurable, achievable, realistic and time bound (SMART).

Goals and objectives both describe things that an organisation aims to achieve or desired outcomes of work. However, they differ in terms of time frame, clarity and the effect they have.

Objectives are concrete goals that the organizations seek to reach, for example , an earnings growth target.The objectives should be challenging but achievable . they also should be measurable so that the company can monitor its progress and make corrections as needed.

Every successful business has a defined vision and goals that influence the approach that is utilized to fulfill the company’s objective. Strategic and organizational planning is the cornerstone of developing a business strategy to attain an organization’s purpose. With the passage of the Affordable Care Act (ACA), strategic and organizational planning have become essential in a healthcare system’s ability to remain competitive within their community, as well as remaining compliant with governmental standards. This paper will explore strategic and organizational planning with the purpose of exploring these concepts with a local hospital.

Objectives are the means of reaching the goals which have been set. All appraisals should include a review of the progress of previously set goals and objectives and the setting of new or updated goals and objectives. These will normally include work related goals as well as some personal and training goals and will ensure that employees understand their job roles and give them accountability for their actions. Goals may include, for example:

‘Strategic Management’ is a very complex term as many eminent researchers and scholars have had different views and conclusions on strategy. According to White (2004), “Strategic Management involves both systematically developing an idea together with its implications and testing the empirical validity & usefulness of that idea against the real world.” Thus strategy is not only about planning for future but also about confirming the validity of the hypothesis considered and implementing it successfully. Strategy formation may take various forms such as implicit, explicit or emergent. Implicit strategy is a strategy formed by intuitions of an individual. As per implicit strategists, strategic management is about reading the environment

Objectives are an organization 's performance targets—the results and outcomes management wants to achieve. They function as yardsticks for measuring how well the organization is doing.

A strategy on an individual level is a plan of action directed to achieve the goals. The company leadership through a process establishes and crafts a good strategy which is called strategic management. Further to defining the strategy, individuals or number of people work out a plan and implement the activities associated with the plan. The company deals with the business opportunities and challenges that provide growth and expansions when executing a plan. The leadership of an organization is defined as influencing a group of people or activity that is prepared

OBJECTIVES: Objectives are the concrete goals of the organization that seeks to reach the target already set. The objectives set are attainable and they monitor the progress and make corrections where needed.

Strategic management is the procedure or path which was established by their managers in any particular organization’s or company for their Long-term direction and also built the comprehensive performance objectives, upskilled strategies to succeed these objectives in the light of all the applicable inner and outer circumstances, and implement to perform the selected procedure plans. Company itself an entity having certain limitations and boundaries as per their policies and works with in them. In any organization strategic management plays very important role in their development.