Strategic Management

Strategic Management

Strategic Management

Introduction

The fundamentals of Strategic Management” provide us with a summarizing and short, evaluation of the most important concept and technique in strategic management.

Unlike other planning and strategy making whose central axis is in the intellectual exercise, individually or collectively, Strategic Management is the core of organizational conceptions that are located in the actions and activities of the organization. (Gamble & Thompson, 2011)

Over time most of the management systems have been modified to facilitate the development of organizational systems are so complex and that in turn are adopted more and more frequently. In the particular case of strategic management is very important that systems are carried out with complete efficiency and it depends entirely on the accuracy with which the key success factors of the company are identified. The strategic management is charged with leading the company to a desired future, which means that it should directly influence the fulfillment of the objectives set, and this direction will take the strategic management must have all necessary information so that appropriate decisions can be taken precisely the attitude and posture that assumes that strategic management in any situation. (Lumpkin, 2009)

We should note that the term management implies continuous induction of results, based on the dependency relationships that often exist between the various elements of organizational success. When a company or organization travels blindly into the future must always have a plan that is very well designed, which means that you must perform a preliminary analysis of all situations in which the company may find himself and essential that every company has all the tools needed to translate its strategy with concrete actions. That is why in many instances, companies argue that balanced scorecards represent a whole system of strategic management in a company, not just limited to being to being an instrument of control. (Charles, 2007)

The strategic management specializes in promoting the development of the elements of cause and effect of the company. This is because the proposed strategy ensures that all factors are interrelated, are able to coordinate in terms of all movements occurring within the business environment in this way to be able to obtain and maintain favorable results .It is important to note that these relationships that occur between the success factors that manifests within the perspectives including strategic management, represent those situations, positive and negative, which often traverse the entire company at some stage of their way. (Gamble & Thompson, 2011)

It is important to bear in mind that strategic management in an enterprise is the key so that it can achieve a level of success in the competitive environment, which leads us to conclude that it is a fundamental tool in the management and administration business. Each strategy is presented must be approved by the relevant executive and once you implement it is important to achieve the objectives that it raises. In this regard we also note that strategic management is not limited to achieving the objectives of the company and that once these goals ...