What Exactly is Strategic Management?

Strategic Management
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Zedy Zaidy
Student (University), South Africa

What Exactly is Strategic Management?

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?

  K.Narayana Moorthy
HR Consultant, India
 

What Strategic Management is...

Strategic management processes link and activate the following spheres of an enterprise towards effective performances: vision, mission and objectives; the general environment; the industry and international environment; enterprises' internal factors; general strategic and tactical alternatives; strategy variations; choosing appropriate strategy and tactics; resource and structure; policies-plans-procedures and administration and establishing an evaluation system.
Knotty problems arise in the field of strategic management like depletion of natural energy resources; relationship between political and business corporations; justice for the society in which business corporations exists. These are to be tackled by adopting a strategy which satisfies all.

  Belay Gezahegn
Director, Ethiopia
 

What is Strategic Management?

Let us take an example of a mountain climber who wanted his name recorded in history: - This person has to design a str...

  K.Narayana Moorthy
HR Consultant, India
 

Definition of the Field of Strategic Management

A nice definition of strategic management is also: "A field that deals with major intended and emergent initiatives take...

  Nay Min Aye
Teacher, Myanmar
 

What is Strategic Management

Strategic management is the management process which would keep the organization from deviating from it's desired perfor...

  Alan Kennedy, Canada
 

A Definition of Strategic Management

The definition I offer for strategic management in my book, "The Alpha Strategies: Understanding Strategy, Risk, and Val...

  azeem
Student (MBA), Pakistan
 

Strategic Management Defined

SM can be defined as: "The art and science of formulating, implementing and evaluating cross-functional decisions that e...

  ismail Ahmed Al kamish
Project Manager, Sudan
 

What is Strategic Management

Is the entire thinking of sustainability, innovation and responding to the challenges and threats facing an organization...

  Beatrice Musiega
Accountant, Kenya
 

Strategic Management is a Quest to Maximize Value

I would sum up strategic management as "A quest to maximize the value of an enterprise by those charged with the respons...

  Zedy Zaidy
Student (University), South Africa
 

Strategic Management Comprises Strategic Planning and Strategic Implementation

Strategic Management is divided into two expert-fields, to wit: - Strategic Planning - Strategy Implementation and Con...

  K.Narayana Moorthy
HR Consultant, India
 

Strategic Management Components

@Zedy Zaidy: In my view, Strategic Management consists of: a. Strategic Planning: covering environmental assessment, or...

  K.Narayana Moorthy
HR Consultant, India
 

Strategic Management

I add further comments on strategic management as dealing with: 1. Organizational Environment: covering new situations;...

  Jaap de Jonge
Editor, Netherlands
 

Strategic Management Center and 10 Schools

We have now added a separate knowledge center on strategic management and moved this discussion over there. Have a look…...

  Ivan Kohlinsky
Management Consultant, United Kingdom
 

The 'Ten Schools of Thought' Seems to Sum it Up Well

I have tended to agree with the view, often put about, that strategy (determining it) is incredibly important, but that ...

  Javier Elenes
Business Consultant, Mexico
 

The Purpose of Strategic Management

Making a company ABLE TO COMPETE is the purpose of strategic management. So the key question is: How shall we compete? ...

  T V N Murthy
Entrepreneur, India
 

Strategic Management

Strategic management is a preconceived plan of action, for every stage of business transactions to ensure the designed r...

  obialor okwudiri Oleka
ICT Consultant, Nigeria
 

What’s Strategic Management

@Zedy Zaidy: Strategy take you to playing field, execution pay the bills....

  James Graham, United Kingdom
 

What is Strategic Management?

Strategic management is the MANAGEMENT OF STRATEGY. There is far too much theorising and hot air in this area. Know wher...

  Luis Gyory
Business Consultant, Venezuela
 

Strategic Management

Simple... The decisions you must have to take today to being able to exist in the future... Or to disappear. Must be ver...

  Jayaram
Business Consultant, India
 

Strategic Management

Strategies are always top down and is done in the board room. This is always done with the Vision of the company in mind...

  James Graham, United Kingdom
 

Strategy Not Always Top Down

@Jayaram: Although your description may still hold true in some cases, strategy is by no means always done by top down p...

  Michel Comet
Business Consultant, France
 

Strategic Management

Translation by Editor: If we take as definition of the strategy, the definition of Michael Porter: "allocation of human...

  Silvan Pillay
Business Consultant, South Africa
 

The Meaning of Strategic Management

In a simple sentence. Strategic Management is an evaluation of the options available, the choices you make to steer the ...

  Gavril
Management Consultant, Albania
 

What is Strategic Management

Looking beyond the horizon, thinking ahead of time and acting immediately, measuring and correcting the route, toleratin...

  Hoyeol Bang
Professor, Korea (South)
 

What Strategic Management is

Strategic Management is a management based on the belief that a manager should not be humanistic. A humanistic man make...

  Jeroen Kraaijenbrink
Professor, Netherlands
 

Definition Strategic Management

Strategic management is the generation and execution of an organization's unique and sustainable value creation....

  Florence Ansu-Amponsah
Manager, Ghana
 

My View on Strategic Management

Strategic Management is an intentional decision which needs to be complex and uncertain but should be able to affect ope...

  Maurice Hogarth
Consultant, United Kingdom
 

'Strategy' a Referent

The word strategy relates to "HOW" not "WHAT". It is about the overall approach, the backdrop or the over-arching framew...

  James Graham, United Kingdom
 

A Matter of Semantics?

Maurice, though I agree with your differentiation of Strategic Management and Management of Strategy, in my experience t...

  Luis Gyory
Business Consultant, Venezuela
 

What is Strategic Management

Please look at the original question. In my opinion it refers to making the management think strategic. That´s why I in...

  James Graham, United Kingdom
 

You Make my Point

@Luis Gyory: Luis, IMHO 'thinking strategically', if done in the conventional sense, follows a process with a series of ...

  David Leaney
Director, Australia
 

Operational versus Strategic Management

What are the key points or terms that differentiate strategic management from operational management? Strategic manageme...

  Samuell Yew
Project Manager, Malaysia
 

Strategic Management

Strategic Management strives to mobilize a company's resources and efforts to achieve the company vision (what it aspire...

  Maurice Hogarth
Consultant, United Kingdom
 

Strategic Management

So, to try again. Strategic-, operational-, time-, people-, systems management, etc. … all such terms relate to ‘The ma...

  nonereh odartseam
Teacher, Philippines
 

What is Strategic Management

In my opinion, strategic management is working on new strategies to achieve one's objectives which were not possible wit...

  Jayaram
Business Consultant, India
 

Strategic Management not Always Top-Down

@James Graham: I accept your counter answer and agree that the strategic management can happen anywhere and at any level...

  Warren Miller, CPA, CFA
Strategy Consultant, United States
 

What is Strategic Management?

It's clear to me that none of those who have tried to answer this question so far has ever practiced strategic managemen...

  James Graham, United Kingdom
 

Definition of Strategic Management

@Warren Miller, CFA, CPA, I've been involved in strategy since 1978, as a line manager and a consultant. Your definition...

  Melchiorre Calabrese
Business Consultant, Italy
 

What is Strategic Management

First of all, I state that the term "strategy" is used for such different purposes that it is almost impossible to have ...

  WALTER CASQUINO
Professor, Peru
 

Strategic (?) Management

Why "strategic" management? It´s all about management. First, management is about satisfying clients (valuable product)...

  Warren Miller, CPA, CFA
Strategy Consultant, United States
 

With Respect

@James Graham: When all else fails, read what I wrote, please. You're right about Mars, but all that that proves is tha...

  Mrs. Sayran Ghafuri
Coach, Iraq
 

The Term Strategic in Strategic Management can Have Many Meanings

I think that strategic management can be defined as: the process of defining the vision, mission and long-term goals bas...

  Neilson Asiedu
Strategy Consultant, United States
 

What Strategic Management Means in Organization

@Warren Miller, CPA, CFA: Strategic management, though is broad, it involves management decisions that focus on both the...

 

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