• October 15th, 2016
  • Posted by athanne

Implementation of Strategic Management

Implementation of Strategic Management in an organization is advisable since it involves specifying the mission, vision and objectives. Implementation of Strategic Management also develops policies and plans mostly in terms of projects and programs. In Implementation of Strategic Management, the project and programs are designed to achieve the objectives of the organization and then allocating resources to implement the policies and plans, projects and programs. During the Implementation of Strategic Management a balanced score card is often used to evaluate the overall performance of the organization and how the organization will progress towards the set objectives. Business Training in Kenya has more articles.

Implementation of Strategic Management should start with the stakeholders and hence blend with the expectations of the stakeholders. Implementation of Strategic Management hence enables the use of a modified scorecard which includes all the holders.

Implementation of Strategic Management Implementation of Strategic Management

Implementation of Strategic Management

Implementation of Strategic Management involves:

Implementation of Strategic Management is a field that deals with the major intended and emergent initiatives taken by most general managers on behalf of owners. The general managers involve Implementation of Strategic Management by utilization of resources, to enhance the performance of goals in their external environment/ market. Through the Implementation of Strategic Management, the managers specify the organizations mission, vision and objectives. The mangers are able to develop policies and plans, which are in terms of projects and programs using the Implementation of Strategic Management. In Implementation of Strategic Management the projects and programs are designed by managers in a way that the objectives and resources are allocated to implement them. The allocation resources so as to implement the projects and programs the managers use the Implementation of Strategic Management in the level of managerial activity of which the managers set goals and the targets of the organization. Implementation of Strategic Management provides the overall direction of the enterprise closely related to the field of the studies of an organization.

 

Importance of Implementation of Strategic Management

Implementation of Strategic Management is very vital to every organization. Its importance includes:

  1. Implementation of Strategic Management enables the organization or company to be specific on their mission, vision and objectives.
  2. Implementation of Strategic Management enables the managers of organizations to develop policies and plans that will contribute to the success of the company or organization.
  3. Implementation of Strategic Management is important to the mangers since they are able to allocate resources to implement the projects and programs of the organization.
  4. Implementation of Strategic Management has also enable the organizations to come up with a balanced score card that is used to evaluate the performance of the company.
  5. Implementation of Strategic Management enables the stakeholders to blend their expectations and management of the organization.

 

Process in the Implementation of Strategic Management

Implementation of Strategic Management process can be analyzed in many ways including SWOT and competitor analysis.

  • Implementation of Strategic Management process using SWOT analysis, is whereby one analysis the strengths, weaknesses, opportunities and threats. SWOT analysis is a simple framework for generating strategic alternatives from the situation. Implementation of Strategic Management by SWOT analysis is applicable to corporate level of the business unit level. SWOT analysis in Implementation of Strategic Management, appears frequently in marketing plans. SWOT was described in the late 1960’s by Edmund P, C. Roland, Kenneth Andrews and William D. Goth in business policy.
  • Implementation of Strategic Management process using the competitor analysis is whereby one analyzes the competitor. Implementation of Strategic Management the competitor is analyzed through his determination, objectives, assumptions, strategy and the capabilities. During the Implementation of Strategic Management, the mangers should be aware of the strategies used by the competitor firms. Through the competitor analysis the manager should be aware of the competitor firms so as to come up with the best tools in Implementation of Strategic Management.

 

Conclusion in Implementation of Strategic Management

Implementation of Strategic Management is therefore very crucial in all the organizations. The stakeholders in every organization are able to blend their expectations in the Implementation of Strategic Management.

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