What is Strategic Management?

Strategic Management > Forum

What is Strategic Management?
Zedy Zaidy, Student (University), South Africa, Member
In the business environment people talk of strategic planning, strategic implementation, strategic direction, strategic fit, strategic flexibility, dynamic environment, turnaround strategy, downsizing, divergence and convergence and many more.

Economists, managers, exchangers, marketers, speculators, brokers and dealers, innovators and entrepreneurs, and broadcasting corporations all fuel us up of big words…

⇒ Now what exactly is this field of strategic management?...Sign up

What Strategic Management is...
K.Narayana Moorthy, HR Consultant, India, Member
Strategic management processes link and activate the following spheres of an enterprise towards effective performances: vision, mission and objectives...Sign up

What is Strategic Management?
Belay Gezahegn, Director, Ethiopia, Member
Let us take an example of a mountain climber who wanted his name recorded in history:
- This person has to design a strategy that will help him t...Sign up

Definition of the Field of Strategic Management
K.Narayana Moorthy, HR Consultant, India, Member
A nice definition of strategic management is also: "A field that deals with major intended and emergent initiatives taken by general managers on behal...Sign up

What is Strategic Management
Nay Min Aye, Teacher, Myanmar, Member
Strategic management is the management process which would keep the organization from deviating from it's desired performance and result in a changing...Sign up

A Definition of Strategic Management
Alan Kennedy
The definition I offer for strategic management in my book, "The Al...Sign up

Strategic Management Defined
azeem, Student (MBA), Pakistan, Member
SM can be defined as: "The art and science of formulating, implementing and evaluating cross-functional decisions that enable an organization to achie...Sign up

What is Strategic Management
ismail Ahmed Al kamish, Project Manager, Sudan, Member
Is the entire thinking of sustainability, innovation and responding to the challenges and threats facing an organization to provide satisfactory produ...Sign up

Strategic Management is a Quest to Maximize Value
Beatrice Musiega, Accountant, Kenya, Member
I would sum up strategic management as "A quest to maximize the value of an enterprise by those charged with the responsibility of its management"....Sign up

Strategic Management Comprises Strategic Planning and Strategic Implementation
Zedy Zaidy, Student (University), South Africa, Member
Strategic Management is divided into two expert-fields, to wit:
- Strategic Planning
- Strategy Implementation and Control.
I will brie...Sign up

Strategic Management Components
K.Narayana Moorthy, HR Consultant, India, Member
@Zedy Zaidy: In my view, Strategic Management consists of:
a. Strategic Planning: covering environmental assess...Sign up

Strategic Management
K.Narayana Moorthy, HR Consultant, India, Member
I add further comments on strategic management as dealing with:
1. Organizational Environment: covering new situations;looking into unpredictable...Sign up

Strategic Management Center and 10 Schools
Jaap de Jonge, CEO, Netherlands, Editor
We have now added a separate knowledge center on strategic management and moved th...Sign up

The 'Ten Schools of Thought' Seems to Sum it Up Well
Ivan Kohlinsky, Management Consultant, United Kingdom, Member
I have tended to agree with the view, often put about, that strategy (determining it) is incredibly important, but that it doesn't require a departmen...Sign up

The Purpose of Strategic Management
Javier Elenes, Business Consultant, Mexico, Member
Making a company ABLE TO COMPETE is the purpose of strategic management.
So the key question is: How shall we compete? How shall we be better in ...Sign up

Strategic Management
T V N Murthy, Entrepreneur, India, Member
Strategic management is a preconceived plan of action, for every stage of business transactions to ensure the designed results. A strategic management...Sign up

What’s Strategic Management
obialor okwudiri Oleka, ICT Consultant, Nigeria, Member
@Zedy Zaidy: Strategy take you to playing field, execution pay the bills....Sign up

What is Strategic Management?
James Graham, Business Consultant, United Kingdom, Member
Strategic management is the MANAGEMENT OF STRATEGY. There is far too much theorising and hot air in this area. Know where you are currently, know wher...Sign up

Strategic Management
Luis Gyory, Business Consultant, Venezuela, Member
Simple... The decisions you must have to take today to being able to exist in the future... Or to disappear. Must be very able and intelligent if you ...Sign up

Strategic Management
Jayaram, Business Consultant, India, Member
Strategies are always top down and is done in the board room. This is always done with the Vision of the company in mind. Once the strategy is formula...Sign up

Strategy Not Always Top Down
James Graham, Business Consultant, United Kingdom, Member
@Jayaram: Although your description may still hold true in some cases, strategy is by no means always done by top do...Sign up

Strategic Management
Michel Comet, Business Consultant, France, Member
Translation by Editor:
If we take as definition of the strategy, the definition of Michael Porter: "allocation of human, financial, technological...Sign up

The Meaning of Strategic Management
Silvan Pillay, Business Consultant, South Africa, Member
In a simple sentence. Strategic Management is an evaluation of the options available, the choices you make to steer the organisation in the intended d...Sign up

What is Strategic Management
Gavril, Management Consultant, Albania, Member
Looking beyond the horizon, thinking ahead of time and acting immediately, measuring and correcting the route, tolerating the battle for winning the w...Sign up

What Strategic Management is
Hoyeol Bang, Professor, Korea (South), Member
Strategic Management is a management based on the belief that a manager should not be humanistic.
A humanistic man makes a decision after conside...Sign up

Definition Strategic Management
Jeroen Kraaijenbrink, Professor, Netherlands, Member
Strategic management is the generation and execution of an organization's unique and sustainable value creation....Sign up

My View on Strategic Management
Florence Ansu-Amponsah, Manager, Ghana, Member
Strategic Management is an intentional decision which needs to be complex and uncertain but should be able to affect operational decisions and require...Sign up

'Strategy' a Referent
Maurice Hogarth, Consultant, United Kingdom, Member
The word strategy relates to "HOW" not "WHAT". It is about the overall approach, the backdrop or the over-arching framework for how the required outco...Sign up

A Matter of Semantics?
James Graham, Business Consultant, United Kingdom, Member
Maurice, though I agree with your differentiation of Strategic Management and Management of Strategy, in my experience the term 'Strategic Manageme...Sign up

What is Strategic Management
Luis Gyory, Business Consultant, Venezuela, Member
Please look at the original question.
In my opinion it refers to making the management think strategic. That´s why I insist in the require...Sign up

You Make my Point
James Graham, Business Consultant, United Kingdom, Member
@Luis Gyory: Luis, IMHO 'thinking strategically', if done in the conventional sense, follows a process with a series...Sign up

Operational versus Strategic Management
David Leaney, Management Consultant, Australia, Member
What are the key points or terms that differentiate strategic management from operational management? Strategic management is about:
— Big pictur...Sign up

Strategic Management
Samuell Yew, Project Manager, Malaysia, Member
Strategic Management strives to mobilize a company's resources and efforts to achieve the company Sign up

Strategic Management
Maurice Hogarth, Consultant, United Kingdom, Member
So, to try again.
Strategic-, operational-, time-, people-, systems management, etc. … all such terms relate to ‘The management of [something]’. ...Sign up

What is Strategic Management
nonereh odartseam, Teacher, Philippines, Member
In my opinion, strategic management is working on new strategies to achieve one's objectives which were not possible with the old strategies and findi...Sign up

Strategic Management not Always Top-Down
Jayaram, Business Consultant, India, Member
@James Graham: I accept your counter answer and agree that the strategic management can happen anywhere and at any l...Sign up

What is Strategic Management?
Warren Miller, CFA, CPA, United States, Member
It's clear to me that none of those who have tried to answer this question so far has ever practiced strategic management. Here's a solid definition:<...Sign up

A Flawed Posting
James Graham, Business Consultant, United Kingdom, Member
@Warren Miller, CFA, CPA, I've been involved in strategy since 1978, as a line manager and a consultant. Your defini...Sign up

What is Strategic Management
Melchiorre Calabrese, Business Consultant, Italy, Member
First of all, I state that the term "strategy" is used for such different purposes that it is almost impossible to have a precise meaning.
My tho...Sign up


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