Strategic Management Concept
When it comes to strategic management, it is in itself a huge and lengthy process. The definition by Giffin (1999), on strategic management is that it is a set of activities that are directed towards an organizations human resources, financial resources and physical as well as other information, with the objective that an organization’s goals will be achieved in a an effective and efficient manner.
The process involves a number of other process; strategy analysis, strategy formulation and strategy implementation. Strategy analysis is a procedure which takes into account the analysis of organizational goals and aims with regards to the internal and external environment in which the organization work. The next step is strategy formulation
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Toft 1989 on the other hand, defines it as an advanced and coherent type of strategic thinking that extends the vision throughout all departments of the organization. Strategic management does not happen when the top tier managers or members ensure uniformity or micromanage the operations. However, it occurs all the decisions or actions taken in the company are driven by tactical strategies and policies which are strongly endorsed as being crucial in the long term performance of the organization. The concept is essentially concerned with implementation of the strategies, measurement of performances, monitoring ongoing trends and identifying the emerging …show more content…
The leader uses his vision to influence the culture of the organization by allocating the right amount of resources in the right amount of time, directing with effective policy and building consensus amongst all members.Strtaegic leadership is such that it should not be uncertain, difficult or full of ambiguity that may lead to threats to the internal and external environment of the organization. Misleading strategically means the idea of discovering the few key elements that an organization needs to do well and must do well. Also important is the fact the certain favorable conditions are created which help the members to collective act. For this purpose the process of leadership has to be taken as a process of learning. Strategic leadership then becomes a driver in making the organizations learning engines. The leaders are those who ultimately develop and define a strategy to later implement
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