Functions Of Strategic Management are identified to be many and are said to benefit the organization in various ways, strategic management is the process of recognizing and strategies the organization managers can have in order to bring the success of the goals. Business Training in Kenya has more articles.
Various Functions Of Strategic Management to the organization
Functions Of Strategic Management are many and touches on different sectors of the company. Functions Of Strategic Management can also be looked as the role the strategic management play in the organization. Some of the Functions Of Strategic Management to the company include;
- Functions Of Strategic Management defines the strategies of the organization. The strategy definition is when the organization decides what its objectives are and goes a step further in achieving its goals. The top managers are the one who define the organization strategy, but the company workers put the effort to achieve the goals.
- The other Functions Of Strategic Management is to develop or form the strategic plans of the firm. The strategic plans are attached to the departments of the organization and may be a certain thing the department may want to achieve for the benefit of the entire organization. For example a sale department may have plans to increase the sale with a certain percentage. To achieve the plan, the sales department may consider promoting the company products or developing a new product.
- One of the major Functions Of Strategic Management is to instil change in the organization or what is called the strategic implementation. Strategic implementation in an organization is faced with many challenges such as workers refusing to have changes in the organization. At such time, it is difficult for an organization to achieve its goals. However, Functions Of Strategic Management help to come up with a strategy addressing the influential people such that they will be able to motivate other employees into accepting the change.
- The last main Functions Of Strategic Management is to check or to monitor the success of the strategies already put. Monitoring involves checking if the strategies are performing in accordance to the expectation of the top manager. If the set strategies are not performing as expected, then the problems affecting the success can be addressed and necessary measures put to bring the strategy on track.
Firm’s Environment good for the Functions Of Strategic Management
Functions Of Strategic Management can be evident in an organization if there is a supporting environment that supports the establishment of the strategic management. The Functions Of Strategic Management requires a coordinated working place such that the managers and the employees are in good relation and can work together to achieve the organization goals. Remember that strategic management is made by top managers, but it is the workers at the groundwork level who sees on it success. Therefore, if the is no effective communication in the company, the Functions Of Strategic Management cannot be evident.
Benefits of the Functions Of Strategic Ma
Functions Of Strategic Management can make the organization have the competitive advantage therefore improving its performance in its industry. One the other hand, Functions Of Strategic Management evaluates the organization operations, the organization’s competitors and put methods of improving the performance of the business in order to compete with these competitors. Generally, with the Functions Of Strategic Management an organization can become so successful and therefore make more profits, which a good sign for more investment.
Conclusion in Functions Of Strategic Management
Functions Of Strategic Management are numerous although there are four major and most important function to the organization. In order to reap the full benefits of the Functions Of Strategic Management, it is advisable that there is a good relationship between the managers and the workers. That way, a company will continue to benefit from other many more Functions Of Strategic Management.
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