Evaluation Of Stratigic Management

Introduction

strategical management is the process of decision making which shed high medium term to long term sham on activities of the organization including the implementation of those decisions to create value for customers and learn stakeholders and to outperform the competitors(Hubbard, G., 2000, p-2).

Strategic management has common chord elements such as strategical analysis, strategic choice and strategic implementation. Strategic analysis gives the supposition to understand the strategic position of the organization. It is an ongoing activity of organization. Strategic analysis gives the clear picture of the changes in the environment and how these changes touching the organization and its activities. It gives idea more or less the resources and competencies present and their share to warring advantage and development of new opportunities. Also it produces the idea about the people and groups such as manager, shareholders, union, stakeholder and so on associated with organization and their contribution for the development of organization.

Basically strategic analysis develops the relationship between diametrical forces influencing the organization and its choice of strategies. These forces are environment, resource and competences etc.

Corporate level dodging

It is an general strategy that the organizations are follow. Its development involves a lordly strategy and using portfolio strategy approaches to determine the various businesses making up organizations. A grand strategy provides basic strategic delegacy at corporate level.



There are several three basic categories: growth, stability and defensive. Growth strategy - these are the grand strategy which says organizational expansion as a study element. Basically organisation growth means more gross sales and earnings. Organizations grow in the term of revenue, clients, wider distribution network etc. the major growth strategies are concentration, vertical desegregation and diversification. submersion focuses on growth of single product or service. absorption occurs through market development, product development or horizontal integration (adding one more similar business). Vertical integration - this...

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