Strategic Management Research Paper

STRATEGIC MANAGEMENT

PREPARED BY: FARAH LADKI SARAH AL DARWISH AYA KANAAN GHADI KHIAMI

ABSTRACT

THIS PAPER WILL DISCUSS STRATEGIC MANAGEMENT, ITS IMPORTANCE, AND ITS ADVANTAGES AND DISADVANTAGES. STRATEGIC MANAGEMENT IS CRUCIAL FOR AN ORGANIZATION THUS IT PRESENTS SEVERAL BENEFITS THAT WILL BRING THE ORGANIZATION AND ITS FACILITIES TO NEW LEVELS BY USING SUCH STRATEGY. HOWEVER IT WILL BE A CHALLENGE TO

WHAT IS STRATEGY EXECUTION?

Strategic management is the far reaching gathering of continuous exercises and procedures that associations use to methodically facilitate and adjust assets and activities to mission, vision and system all through an association. Key administration exercises change the static arrangement into a framework that gives key execution input to basic leadership and empowers the arrangement to advance and develop as prerequisites and different conditions change. Strategic execution is essentially synonymous with Strategy Management and sums to the methodical usage of a technique.

Strategic management vs. strategic planning
WEBSTER'S CHARACTERIZES PLANNING AS "A PROPOSED OR INTENDED COURSE OF ACTION, OR A FORMULATED Webster's characterizes planning as "a proposed or intended course of action, or a formulated scheme setting out stages of procedure". Oxford characterizes planning as a "formulated or organized method by which a thing is to be done". However, when we consider management we tend to think about a frameworks way to deal with the streamlining of the association. Strategic planning still has the essence of a procedure that is discrete, partitioned, and autonomous from the matter of an association. While strategic management implies the arranging, execution, assessment, on-going support, and alteration of the association's

While there are no supreme guidelines with respect to the right structure, most take after a comparable example and have regular characteristics. Numerous systems go through some minor departure from some exceptionally essential stages: 1) examination or appraisal, where a comprehension of the current inside and outer situations is produced, 2) methodology detailing, where abnormal state technique is created and a fundamental association level key arrangement is archived 3) procedure execution, where the abnormal state plan is converted into more operational arranging and activity things, and 4) assessment or sustainment stage, where progressing refinement and assessment of execution, culture, interchanges, information reporting, and other key administration issues