Strategic Management

Strategic management analyzes the major initiatives taken by a company's top management on behalf of owners, involving resources and performance in external environments. It entails specifying the organization's mission, vision and objectives, developing policies and plans, often in terms of projects and programs, which are designed to achieve these objectives, and then allocating resources to implement the policies and plans, projects and programs. A balanced scorecard is often used to evaluate the overall performance of the business and its progress towards objectives. Recent studies and leading management theorists have advocated that strategy needs to start with stakeholders expectations and use a modified balanced scorecard which includes all stakeholders.

Read more about Strategic ManagementOverview, Concepts/approaches of Strategic Management, Strategy Formation (Classical School), Whittington's Perspectives, General Approaches, The Strategy Hierarchy, Non-strategic Management, Limitations of Strategic Management, "Creative" Vs Analytic Approaches

Other articles related to "strategic management, strategic, management":

List Of ASME Presidents - Organization - Strategic Management
... Mission The Strategic Management Sector Board of Directors (SMBOD) under the direction of the Board of Governors, is responsible for the activities of the Society relating to identification, capture and ... the Industry Advisory Board, the Strategic Initiatives and Innovation Committee and the Strategic Issues Committee ... Kisenwether Vice President, Government Relations Michael Reischman Chair, Strategic Issues Win Phillips Chair, Strategic Initiatives and Innovation Chris Przirembel Chair ...
List Of University Of Chicago Booth School Of Business Faculty - Strategic Management
... founder of McKinsey Company in 1926, pioneered budgeting as a management tool Ronald S ... Schrager, Clinical Professor of Entrepreneurship and Strategic Management, teaches New Venture Strategy ...
Resource-based View - Further Reading
... Strategic Management Journal 24, pp ... Strategic Management Journal, Vol ... Strategic Management Journal, Vol ...
Strategic Management - "Creative" Vs Analytic Approaches
... In 2010, IBM released a study summarizing three conclusions of 1500 CEOs around the world 1) complexity is escalating, 2) enterprises are not equipped to cope with this complexity, and 3) creativity is now the single most important leadership competency ... IBM said that it is needed in all aspects of leadership, including strategic thinking and planning ...
Strategic Management Society - Publications - The SMS Book Series
... Publishing and focuses on cutting edge concepts/topics in strategic management theory and practice ... emphasize building and maintaining bridges between theory and practice in strategic management ... The work published generates and tests theories of strategic management and it demonstrates how to learn, understand and apply these theories in practice ...

Famous quotes containing the words management and/or strategic:

    People have described me as a “management bishop” but I say to my critics, “Jesus was a management expert too.”
    George Carey (b. 1935)

    Marriage is like a war. There are moments of chivalry and gallantry that attend the victorious advances and strategic retreats, the birth or death of children, the momentary conquest of loneliness, the sacrifice that ennobles him who makes it. But mostly there are the long dull sieges, the waiting, the terror and boredom. Women understand this better than men; they are better able to survive attrition.
    Helen Hayes (1900–1993)