Levels Of Management: Strategic And Strategic Management

The importance of strategic planning is just as important as having a foundation and a framework to a new house. Without it, it will either partially be complete or eventually crumble. Strategic planning helps to not only complete short term goals of a company or organization, but most importantly invest time into successfully complete long term goals and to continue to grow in the long run. It is a design that will lay out

Strategic Management is the theory and practice of making decisions that shape the future of the firm. This course looks at the content and process of strategic decision making from the perspective of managers who are responsible for an entire business unit. These may be individuals who are acting in the capacity of a Chief Executive of a company, divisional General Managers, or departmental heads. It is also the perspective most

In strategic management some of the most important considerations are to be aware of the current operations, the

In every organization there are managers, and every manager is classed on different levels in terms of the skills they need and the activities they are involved in. Managers exist at various levels in the organization hierarchy. A small organization may have one layer of management, where as a large organization may have several. In most organizations there are three level of managers. The three level of managers are, first line manager, middle manager, and finally the top-level manager. Managers at different job levels have different job responsibilities and therefor require different skills.

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.

Henry (2011) refers to Strategic Management as the process that analyses a given situation faced by a company or organisation, and on the basis of the findings of the analysis, formulating a strategy and then finally implement that strategy. Appendix A, a strategic management process model illustrates and underpins this theory. Henry (2011) continues by stating, “the end result is for the organisation or company to achieve competitive advantage over its rivals in industry”.

The Tactical vs. Strategic information is about how the organisation plans their strategy according to their needs and requirements. It refers to what the organisation wants to achieve in the short or long term. The following input is conducted to formulate the strategic information of Oxford Business College, by using practical information for example:

Now days to survive in the market it’s very important to have competitive advantage over your competitors. Strategic planning helps us to get the competitive advantage so that organization can increase their market shares and earn more profits and also accomplish their work in appropriate and

4. What are the various levels of management, and how do they participate in the process of strategic decision making?

Strategic decisions direct the company towards the path of growth. A company formulated and undertook decisions in such a way that a strategic direction was made to ensure all possible opportunities for success and keeping control of challenges alongside. Every strategic decision that is made will have an implication for change all

The identification of an organisation’s strategic decision is an important aspect of ensuring effective planning and development of the organisation. The process remains vital as a strategy influences the development of a clear understanding of the organisation’s position relating to both external and internal environments. The process encourages the development of effective planning for the future through proper identification of objectives, allocation of resources and creation of a project plan aimed at achieving the set objectives (Andersen, 2007).

Strategic planning is important for every organizations function in order to align priorities and resources towards the strength of the organizational progression. It gives a clear route for the organizations directions towards the intended common goals. It provides a disciplined process to guide the fundamental decisions leading to the proper action required to develop and progress the organizations intended results and responses to ever changing environments. This should be articulated to the employees, leaders and stake holders within the organization.

Strategic planning is the process of gathering information from stakeholders, market players, professional entity, and government agency. The purpose of gathering information is formulating a realistic and a workable framework that any organization can implement and work with. Evaluation of information is a key aspect in determine the kind of plans that the organization wish to a chive over certain a period. Strategic planning ensures the implementation is, crafted well, and parties involved be acquitted with it. Developing a good Strategic plan helps a company to implement its missions and visions effectively, and helps the company to evaluate

B) Attempts to be politically realistic by considering the concerns of internal and external stakeholders when engaging a strategic planning process.

Development of strategy is vital for every organization as it entails mission and vision statement, goals and objectives, strategic direction of an organisation. So strategy is course of actions that are carried out by the organisation to achieve the desired target or goals and objectives. Strategic direction is also important part of strategy and its responsibility is of strategic managers. In general, strategic managers are employed by organisations who carry out the actions for correct and supportable decision making related to the strategic direction of the company. To develop strategic direction and strategic decision, managers need to develop their personal and professional skills so that he can fulfil the demands of