Thursday, 8 December 2011

Benefit of Strategic Management

  1. Organization to be more proactive than reactive in shaping its own future.
  2. Allow organization to initiate and influence, thus to exert (bring) control over its own destiny.
  3. Formulate better strategies through more systematic, logical and rational approach to strategic choice.
  4. Communication is a key to successful strategic management. By dialogue and participation, managers and employees become committed to supporting the organization.
  5. Aim; to achieve the understanding and commitment from all managers and employees.
  6. Empowerment (strengthening employees's sense of effectiveness by encouraging to to participate in decision making and to exercise initiative and imagination and rewarding them for doing so).
  7. The process is learning, helping, educating and supporting activity.

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