Strategic Management Essay Example | Topics and Well Written Essays - 2000 words - 6

Strategic Management - sample ExampleThe essay Strategic Management describes the strategy actions for satisfying the customers, responding to the constantly changing industry and vary market conditions, or managing each functional piece of business or making the business modernise in terms of company size and sales revenues.The strategy of the business has to answer the following questions where we atomic number 18 now, where we will be in the future, and how will get there. The five strategic commission tasks are maturate strategic vision and mission setting objectives crafting the strategy implementing and executing the strategy evaluating and correcting.It is general knowledge that exploitation the vision and mission of the business is the first step in strategic management tasks. After coming up with the vision and mission, the next step is to set up the company objectives to be accomplished. The objectives could be to contract a bigger market share in its specialty pro duct line or service. another(prenominal) major objective that the company can come up with is to generate bigger sales and lesser costs and expenses for the near and far away future. Another objective is to open up one coulomb branches every year around the world.Another objective is to satisfy customer needs and get novel customers. Again, another obvious objective is the enter the territorial waters of the competition and beat them in their own game of marketing by offering better products and prompt services. The third task of strategic management is crafting the strategy. This is the how of management.