BENEFITS OF STRATEGIC MANAGEMENT
The use of concepts and strategic management techniques can lead to many benefits. Above all, this process allows an organization is in power to influence their environment, rather than reacting to it, thereby exerting some control over their destiny.
The strategic management process enables an organization to take advantage of key opportunities in the environment, minimize the impact of external threats, use the internal strengths and overcome internal threats. This approach to decision making can be an effective method to synchronize operation of equipment among all managers and employees. This benefit alone could create the difference between a successful business and a failed business.
Only one major study of those made since 1973 has found a significant negative relationship between the strategic direction and performance, which is the companies who do not plan gave better results than those who engaged in planning area of \u200b\u200bthe service industries. A key benefit of the strategic direction is to avoid declines in revenues and profits and even bankruptcies. Of course there are many factors in addition to ineffective planning, which can produce failure, so this suggests the need for organizations to effectively incorporate concepts and techniques to strategic management decision-making process.
also create a greater awareness of environmental threats, greater understanding of the strategies of competitors, increased staff productivity, reduced resistance to change and a clearer picture of the relationship performance / reward. Strategic management activities increases the capabilities of a company in terms of preventing problems, because they emphasize the interaction between managers at all levels, as it is an approach to decisions that can bring order and discipline throughout the company. This approach is no guarantee for success, but may be the beginning of an efficient and effective management.
Only one major study of those made since 1973 has found a significant negative relationship between the strategic direction and performance of businesses, non planned that gave better results than those conducted in the area planning service industries .
Attn: Danilo Rios.
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