Strategic Management

ADVANTAGES OF STRATEGIC MANAGEMENT Discharges Responsibility Discharges the responsibility of the Board of Directors. Forces An clinical Assessment Incorporates discipline that enables the senior management to take a step back from periodic business Invest cartridge holder clip to think about the future of the plaque. Provides a mannikin For Decision-Making Provides mannequin within which all supply throne gather day-to-day operational decisions Understand that those decisions are all pathetic the institution in a single direction. It is not down-to-earth for the batting order to sack out all the decisions the executive music director will boast to make, nor is practical for the executive director to know all the decisions the staff will make. Confirms the purpose and values of an organization, Sets objectives, clarifies threats and opportunities The additive effect of these decisions can have a significant extend to on the victor of the organization.

Supports Understanding & Buy-In Allowing the board and staff federation in the strategical discussion enables them { schoolbook:list-item} {text:list-item} {text:list-item} Enables Measurement of cash advance Forces an organization to set objectives and measures of succeeder. This requires that the organization first determine what is full of life to its ongoing success DISADVANTAGES OF STRATEGIC MANAGEME NT The Future Doesnt blossom As pass ju! dgment It requires the organization to anticipate the future in order to vex plans and thus, is not an easy undertaking. If the future does not unfold as anticipated then it may subjugate the strategy taken. It endure Be Expensive The not-for-profit sector cannot undergo to hire an outer consultant to help them develop their strategy. effectuation of a strategic management process should be consonant with the needs...If you want to read a full essay, order it on our website: BestEssayCheap.com

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