Strategic Management

p Strategic Management

23 April 2008

ID

Strategic Management

Introduction

Strategic management comes from two words as `strategy ' and `management . Strategy means the way of work something by following any actual process . And the word `management ' refers the way to manage people properly for any kind of work . In broad companies the strategic management is followed very hardly . For producing and for maintaining regular work this is very important for any company . In the language of business the strategic management is known as `game plane . And it performs

the following works for an organization

It helps to run the business

Remove customers problems

fulfill the target of the business of the organization

Make strong the position of the organization

Historical Development of Strategic Management

Strategic Management came into existence some time during the 1950s and the 1960s . The historical development of strategic management is a continuing process . Igor Ansoff , Peter Drucker , Philip Selznick , and Alfred D . Chandler are related with the develo0pment of strategy . From the beginning , the area of strategic management has seen a large number of inputs . These include a great impact of the management models that were introduced by the Japanese . However , Strategic management is not without its flaws . It involves the application of a rigid structure of management . Too much of breaking down into teams , may result in the formation of a narrow 'team ' mentality . The employees may lose the focus of the larger picture . These are just a few of the criticisms , but on the whole this management model has been largely successful

Task of strategic management

There are five tasks for strategic management . They are develop strategic vision and mission , setting objectives , crating strategy to achieve objectives , implementing and executing strategy and finally evaluating and correcting (Business Department , n .d

Related field of strategic management

In a business organization most of the field use strategic management As example environment depends on the strategic management . Positioning planning , designing cultural activities , power etc depends on the strategic management

Main s summarized

The process of faced the problems of turbulent environment in the organizations which use high technology or e-commerce . The writer Johnson shown two lenses design and experience , which are not adequate for explain this . He told that these are helpful for explaining the sources and generate innovation in organization

Main argument

May be the system of technology has been changed with the time but the turbulent environment has been created by the employee of the company The two lenses of strategic management has been mentioned by Johnson Scholes Whittington . According to Johnson , Scholes Whittington there are two lenses of strategic management Design and Experience . That means the top level managers take decision from their previous experience . And to make successful any work they use to design the plan But for high technology business or for the e-commerce it is not sufficient to maintain the turbulent environment

Strategic management design

Strategic management is a superficial briefing process . It plays a minor role in the complex domain...