Benefits of strategic management Essay -- essays research papers fc

Re attempt has revealed that organisations that engage in strategical management generally out-perform those that do notThe connotation of the ancient classic word strategos, in its various grammatical forms, implies meaning of skilful manoeuvouring direct to achieving a highly crucial position or attaining a coveted end. Commonly associated with the military operations, strategies aim at methodical out-performance of adversaries. Analogically, application of reckon strategies in the business management context suggests combination of activities directed at becoming superior to business opponents. Hence, it can be assumed that lovable in these activities will produce better business results than not doing so.This render attempts to provide evidence to support the opening statement. It firstly re takes the offer of managerial activities from the historic perspective. It, and so discusses the impact of strategic management process components on organisational performance and f inally describes benefits of strategic thinking and strategic integration.The analysis concentrates on matching the theoretical principles of strategic management with the pragmatic business examples. For the purpose of this discussion, out-performance has been defined as surviving on the existing or booming entering the new market.Although definitions of management range from very simple statements, homogeneous the one of Frederick Taylor knowing exactly what you want people to do and then seeing that they do it in the best and cheapest way (Taylor, 1903, p. 21) to complex postulates itemization managerial activities and objectives (Davidson & Griffin, 2003, p. 5), their common denominator points to a set of deliberate actions to achieve organisational dexterity using resources wisely (Davidson & Griffin, 2003, p. 7) and effectiveness making the right decisions (Davidson & Griffin, 2003, p. 7).Accompanied by a large volume of the theoretical work, management practice, can b ecause be broadly described as a constant search for the optimal performance methodologies. Thus, from the historical point of view, it can be proposed that strategic management is a twentieth century form of the management check up on that emerged as a result of the evolution process necessitated by the changes in the organisational internal and external environment. The environmental chang... ...siness Policy, assimilator & Hall, New Jersey.Wooldridge, A. (1999), The instauration in your pocket, The Economist, 353, 8140, supplement 1-26. In Davidson, P. & Griffin, R. W. (2003), Management An Australasian thought, tail end Wiley & Sons Australia, LTD, Milton.BIBLIOGRAPHYBartol, K.,Martin, D., Tein, M. & Matthews, G. (1998), Management A Pacific Rim Focus, The McGraw-Hill Australia, Roseville.Connor, T. (2002), The resource-based view of strategy and its value to practising managers, strategic Change, Sep-Oct, pp. 307 316.Davidson, P. & Griffin, R. W. (2003), Management An Au stralasian Perspective, John Wiley & Sons Australia, LTD, Milton.Graetz, F., Rimmer, M., Lawrence, A. & Smith, A. (2002), Managing organisational change, John Wiley & Sons, Milton.Hubbard, G. (2000), Strategic Management Thinking, Analysis and Action, Prentice Hall, Frenchs Forest.Powell, T. C. (2001), Competitive Advantage Logical and Philosophical Considerations, Strategic Management Journal, Vol. 22, pp. 875 888.Wheelen, T. L. & Hunger, D. J. (2004), Strategic Management and Business Policy, Prentice & Hall, New Jersey.