Strategic Management: Process, Models, and Tools

Strategic management

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
An introduction including a definition of strategic management................................................1
A critical assessment of the process used by organisations to determine their strategy.............2
Evaluation of the critical models and tools used by organisations to determine their strategy.. 3
An application of these tools to a real organisation of your choice............................................4
The importance of change management based on the complexity of the transformation
process, its costs, risks and sustainability...................................................................................6
CONCLUSION ...............................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Strategic management is the management of the organisation or assessment of the
necessary resources that an organisation needs to fulfil their goal and objectives. Strategic
management helps in setting the objectives, analysing the competitive environment, and also
helps to analyse the internal organisation, evaluating strategies, and also ensure that organisation
is using these strategies or the strategies are working or not in organisation environment.
Strategic management is the latest strategy added in the management discipline, it is all about
success and failure of the company (Almutairi and Sriramesh 2020). Strategic management has
ability to plan the wars and win of the company, effective strategic management has ability to
change the company performance of an organisation. Ineffective strategic management can ruin
the carrier of company executives, and also can bankrupt companies. Strategic management
helps in a decision-making to get equipped with the management process, or keep changing and
directing the organizational activities along with the right path.
MAIN BODY
An introduction including a definition of strategic management.
Strategic management helps a decision maker to get in use of management tools or
performing changes and directing the organizational activities along the right path. Using the
strategic management tools reduces the risk of operations by helping the enterprise to innovate
on time and an early action on behalf of the company. Also strategic management is objective
oriented and provide all the employees with clear ideas about what to do, when to do,where to
do and how to do. Thus ,an orientation towards strategic management can confirm better
performance and greater unity in the organisation. There are reasons related to strategic
managent and briefly defined below,
Allows firms to anticipate changing conditions; those are saying that conditions
changes so fast, that mangers can not do any planning especially the long term planning
(Ateba,and Prinsloo 2019). And also some of the myth about change in the planning is more
difficult for the organisation, so the firms need not all the time react to change, they can make
changes happen.
Research in advancing so that the process can help managers; this arguments
represents that managers pay little attention to research and studies are not they doing well. And
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