Components of strategic management Strategic management can be described as the art and science of managing organizations resources in order to achieve set goals and objectives. This strategies begin with formulation followed by implementation and control. The concept of strategies was first developed in military operations. It has since evolved through history and has become a key concept in management. In this essay four key components will be discussed and case study of CISCO. Goal setting This can be described as a blue print of what the organization seeks to achieve. The desired outcome in terms of wealth, profits, public relationships and employee policy among others is defined. This involves defining short and long term goals, define the processes and customize the processes...
Excerpt from file: Componentsofstrategicmanagement Strategicmanagementcanbedescribedastheartandscienceofmanagingorganizations resourcesinordertoachievesetgoalsandobjectives.Thisstrategiesbeginwithformulation followedbyimplementationandcontrol.Theconceptofstrategieswasfirstdevelopedin
Filesize: < 2 MB
Print Length: 3 Pages/Slides
Surround your text in
**bold**, to write a math equation use, for example,