Overview Of The Concept Of Strategic Management

This message gives an overview of strategic management. It introduces a practical and integrated approach to strategic management, defines the basic activities and terms of strategic management and discusses the importance of business ethics.

In this post I will attempt to define certain insiders of several themes that permeate all the jobs in this category. First overall impact considerations almost all strategic decisions! The boundaries of the country can no longer define the limits of our imagination. To see and appreciate the world from the perspective of others has become a matter of survival for businesses. The foundation of strategic management hinge upon managers develop an understanding of competitors, markets, prices, suppliers, distributors, governments, creditors, shareholders and customers worldwide. The price and quality of a firm's products and services to compete globally. Price and quality of a local basis. A "global view" box for each category of this web site to highlight the importance of factors global strategic management.

Another Theme

A second issue is that electronic commerce (e-commerce) has become a key tool for strategic management. A growing number of companies are a competitive advantage through Internet for direct sales and communication with suppliers, customers, creditors, partners, shareholders, customers and competitors that can be dispersed throughout the world. Electronic commerce allows companies to sell products, advertising, suppliers to buy without going through intermediaries, inventory, documentation, delete, and share information. In total, electronic commerce is to minimize costs and tedious, the uniformity of time, distance and space to do business, offering better customer service, increased efficiency, improved products and higher profitability. The Internet and personal computers are changing the way we organize our lives, our homes live and relate to and interact with family, friends, neighbors, allows consumers worldwide to join the demand for discounts.

The Internet has transferred the power of corporations to individuals. Buyers used to face great obstacles when trying to get the best price and service, with limited time and data to compare, but now consumers can quickly scan hundreds of offers from suppliers. Alternatively, you can go on websites like CompareNet.com that provide detailed information on more than 100,000 consumer products.

The Internet Has Changed The Way

The Internet has changed the nature and core of buying and selling of almost all sectors. E 'changed the economics of the business in every industry around the world. Broadband, e-commerce, e-commerce, e-business and e-mail has become an integral part of daily life throughout the world. and Business-to-business e-commerce is five times larger than consumer e-commerce. Fully 74 percent of Americans believe that the Internet is changing our society rather than the telephone and television set. "Electronic Commerce Perspective" box is included in each of the posts illustrate how electronic commerce affects the process of strategic management".

The Third Theme

A third theme is that the natural environment has become a major political issue. Global warming, bioterrorism, and increased pollution and suggest that perhaps there is no greater threat to the economy and society that continuous operation and the destruction of our natural environment. Mark Starik George Washington University, said: "Stop the ecological destruction worldwide and the impairment is a strategic issue that requires immediate attention and substance of all companies and managers." According to the International Organization for Standardization (ISO), and in this manual, the word environment refers to the natural environment and is defined as "an environment in which an organization operates, including air, water, land, natural resources, flora, fauna, humans and their interrelation. "A Perspective of the Natural Environment" box on each post to illustrate how companies are addressing the issues of natural environment.

All Companies Have A Strategy

All companies have a strategy, albeit informal, unstructured and sporadic. All organizations go somewhere, but unfortunately, some agencies do not know where to go. The old adage "If you do not know where you're going, any road will take you there!" Accepts the need for organizations to use strategic concepts and management techniques. The strategic management process is becoming more widely used by small businesses, corporations, nonprofit institutions, NGOs and multinational conglomerates. The process of empowering managers and employees has nearly unlimited benefits.

Organizations should adopt a proactive rather than reactive to their industry and they should strive to influence, anticipate, and initiate, rather than simply reacting to events. The strategic management process, this approach to determine the future direction of the company. Efforts are generally too high for strategists to use intuition alone in choosing between alternative options. successful strategists for taking the time to think about their businesses as they are with their company and what they want to be like organizations and implementing programs and policies that come from, where they are, where they want to be a period reasonable period of time.

It is well known and accepted that individuals and organizations that the plane in front of us are much more likely to become what it wants to be among those who have no plan at all. A good strategist plans and control plans, but plans never wrong strategist and then try to control people.

Business success depends increasingly offering products and services that are competitive globally, not just locally. If price and quality of a firm's products and services are not competitive with those found elsewhere in the world, the company may soon face extinction. Global markets have become a reality, but in all areas of the world's most remote. Certainly, throughout the United States, even in small towns feel pressured by global competition. Nearly half of all cars sold in the United States, for example, made in Japan and Germany.