Strategic management

Definition of Strategic management: A strategy is a set of related actions that managers take to increase their company’s performance. For most, If not all, companies, achieving superior performance relative to rivals is the ultimate challenge. Mean by Strategy: Strategic management, a central objective of strategic management is to find out why some organizations succeed […]

Corporate Level Strategy of Strategic Management

Corporate Level Strategy : Corporate level strategy involves choices strategic managers must make. (i) deciding in which businesses and industries a company should compete. (ii) selecting which value creation activities it should perform in those businesses. (iii) determining how it should enter, consolidate, exit businesses or industries to maximize long term profitability. When formulating corporate […]

Who is Strategic Leader ?

Strategic Leadership Strategic Leader is one key strategic role of both general and functional managers is to use all their knowledge, energy, and enthusiasm. To provide strategic leadership for their subordinates and develop a high performing organization. Several authors have identified key characteristics. key characteristics of strong strategic leader that lead to high performance: Vision, […]

What is organizational structure ? Full Meaning and Explanation of Organizational Structure

What is organizational structure ? Organizational structure defines how job tasks are formally divided, grouped, and coordinated. There are six elements that, managers need to know when they design their organization’s structure. Work Specialization: The term work specialization or division of labor to describe the degree to which activities in the organization are subdivided into […]

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