Everything you need to know about the process of strategy implementation. Strategy implementation is the second phase in the strategic management process. It is concerned with putting the strategy into operation or translating the chosen strategy into strategic action. In other words, it is the strategic management process of activating the chosen strategy through structure, leadership, and culture. It necessitates [...]
Everything you need to know about process of strategic management. Strategic management process can be described as 'a set of managerial decisions and actions which determines the long-run direction and performance of the organization'. Setting the organizational mission, developing the objectives based on the mission, developing and implementing the strategies to achieve the objectives, measuring the achievements and adjusting the [...]
Everything you need to know about the different approaches to strategic decision making. Strategic decision making is the core of strategic management. Therefore, it is desirable to understand the nature of strategic decision making. Strategic decision is a major choice of an action concerning committing of resources with a view to achieve organizational objectives. Strategic decision-making process is so strategic [...]