Wednesday, April 25, 2012

Management Cases

Something about Strategic Management that one needs to know in this era of dimension is that it centers on the belief that a firm's mission can best be achieved through a systematic and comprehensive assessment of both its internal capabilities and its external environment. Subsequent evaluation of the firm's opportunities leads, in turn, to the choice of long-term objectives and grand strategies and, ultimately, to annual objectives and operating strategies, which must be implemented, monitored and controlled.

Besides, the manager must have a thorough knowledge and analysis of the general and competitive organizational environment so as to take right decisions. They should conduct a SWOT Analysis (Strengths, Weaknesses, Opportunities, and Threats). 

Strategic management is basically nothing but planning for both predictable as well as unfeasible
contingencies. This subject will definitely be an interest to learner's who wish to venture into the world of entrepreneurship as well as engaging various projects locally and globally. 





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