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So, at one end of the spectrum, some people believe strategy itself is deleterious to an organization's success. These criticisms can be summarized as follows:
? Products of planning often aren't used. Despite differences in detail and degree of formalization, the basic components of the models used to analyze strategic management operations are very similar...
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Therefore, strategic management is an all-encompassing approach for formulating, implementing and evaluating managerial decisions in a way that permits the business to reach its objectives.
For a strategic management plan to be successful, however, every manager should:
? Be firmly committed to the idea of changing the business planning process
? Assure that the strategic management process has credibility with everyone involved
? Make sure that final plans are realistic and reflect actual resources and capabilities
? Train all participants in the procedures essential to the strategic management process
? Develop concise and well-organized plans
One of the world's best performing natural resources companies created a unique organizational structure
...
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