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1.It results in higher organizational performance.
2.It requires that managers examine and adapt to business environment changes.
3.It coordinates diverse organizational units, helping them focus on organizational goals.
4.It is very much involved in the managerial decision-making process.
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∙ 14y ago
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Why has strategic management become so important to today?
a
Why are the functional areas of both marketing and management important to the four phases of strategic management?
importance of an organization's functional areas to the strategic management process and why they must be integrated during the four phases of strategic management
What is the important of Strategic Management framework in property management?
to help them accomplish their specific organization objectives
What is strategic management plan list and explain the steps you strategic management process?
steps process strategic management
What are the important of the four phases of strategic management?
environment scanning formulation implementation evaluate
Why has strategic management become so important to today?
a
Why are the functional areas of both marketing and management important to the four phases of strategic management?
importance of an organization's functional areas to the strategic management process and why they must be integrated during the four phases of strategic management
What is the important of Strategic Management framework in property management?
to help them accomplish their specific organization objectives
What is strategic management plan list and explain the steps you strategic management process?
steps process strategic management
Why strategic management is necessary to be understood by all employees of a firm?
It is important that employees understand the strategic vision of the form so that the decisions they make day-to-day further the company getting to that vision. If people don't know where they are supposed to be going, the chances of getting there are slim. That doesn't mean they need to understand strategic management, just that they understand the plan and goals that came out of the strategic management process.
What are the important of the four phases of strategic management?
environment scanning formulation implementation evaluate
What are differences between strategic management and strategic management accounting?
Strategic management uses strategy, including strategic thinking to make all decisions, often through the lens of a strategic plan. Strategic management accounting is strict focused on fiscally related decisions, also as aligned with the organization's strategic direction.
Why has strategic management become so important to today's corporations?
Many corporations are focusing on strategic management because it will help them perform better. They know by making strategic decisions they will have an edge on the competition.
Objective of Strategic Management?
Main objective of Strategic Management is to increase profitability
Evolution of business policy and strategic management?
evolution of business policy and strategic management?
Advantages and disadvantages of strategic management?
Strategic management has many advantages and disadvantages. One advantage of strategic management is being able to expect whatever comes up.
What is the Prerequisites for successful strategic management?
the prerequisites for successful strategic management is finance and human resources
