Question

In this question, you will consider how strategic management applies to a variety of organizations. Using examples in the text or from your own research, define strategic management as it applies to an ancient, traditional, or modern organization of your choosing.

Answer 1

Answer:

What is strategic management?

Strategic management is the progressing arranging, observing, investigation and evaluation of all necessities an organization needs to meet its objectives and goals. Changes in business conditions will require organizations to continually evaluate their strategies for success. The strategic management process assists associations with checking out their current circumstance, chalk out methodologies, convey them and investigate the adequacy of the executed administration systems. Strategic management process of five basic strategies and can contrast in implementation depending upon the general condition. Strategic management applies both to on-reason and portable stages.

Almost most researchers in the administration field have opted for different meaning for management as indicated by their own knowledge and opinions, and all the more significantly we can concur at certain focuses that the evaluation of these conclusions underscores the fact that there is no general and predictable definition for the strategic management. However, I am citing to a portion of the definitions or clarifications from certain specialists in the field.

-> Strategic management as an idea basically talks about the direction, steps and procedures the organization would follow/require in order to be able to steer their association in the progression of the correct direction. This means the everyday procedure, funds, workforce and assests, all should be considered to detail a strategy for the direction the organization needs to take so as to accomplish the scope of their objectives.

Taking the example of Walmart, we can see that Walmart is the typical case of how corporate strategic management should work. They have a set procedure, set rules, set working standards that have been well defined in the strategic planning procedure of the organization which is managed by the administration. The strategic management, in this way, is absolute as the structure depends on a number of various procedures, for example, forecasting, experience and formulation of different strategies, not just strategic but functional as well which permits the organization to utilize strategic management as a part of its working structure..