Thursday, October 17, 2019
Strategic Management Essay Example | Topics and Well Written Essays - 4500 words
Strategic Management - Essay Example 2014). Management with consideration of communication will provide feedback in surveys, giving ideas in the organization. Sharing of information in an organization also ensures that the objectives of the organization are met, as communication will lead to coordination of activities. Strategic management involves innovation in activities that an organization carries out. Management strategies may involve development of a new product or rendering a new service. Innovation will involve putting groups together to work in development of major initiatives and giving out resources to ensure that the innovative objectives are met. Strategic management should involve trying out something that is new even with the risks that are involved. Management of projects is also a critical element through which management should be able to identify projects that ensures success in achieving all strategies. The other aspect of project management is development of priorities of all the elements to ensure that there is success in achieving objectives of management (Gerry et al. 2014). Project management will also ensure that employees understand strategies of the organization. Organization structure is an essential factor in strategic management. Organization cultures are the attitudes that are held by an organization and behavior that employees in the organization portray. Organization cultures are always unique and diverse due to personality. Managers are to understand the culture to ensure that planning that is put in place is in line with culture of the organization (Gerry et al. 2014). Cultures that are considered are those on belief in change by employees and values that employees hold. Strategic management in an organization requires consideration of these aspects. Engagement of employees at all levels, communication to employees, innovation in an organization, creation of
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