The Five Stages of Strategic Management

HOW STRATEGIC MANAGEMEN

Can Help Make Important Business Decisions

MICHAEL ZETSER

How Strategic Management Can Help Make Important Business Decisions The strategic management process creates a framework and defines clear boundaries for making major business decisions by identifying both a business’s opportunities and its threats. It sets out the business’s mission, vision, and goals.

This can also help with speeding up the decision-making process and provide solutions to make the most of the organization’s strengths while mitigating its weaknesses.

Empowering Employees A key advantage of strategic management is that it can create a mechanism whereby employees are able to make some decisions regarding day-to-day operational processes themselves. This is helpful in allowing staff members to be aware of how their contribution is of benefit in moving the business forward.

MICHAEL ZETSER

Strategic management gives senior managers and business board members the ability to focus on the future of the organization rather than its routine daily activities.

Promotes Forward Thinking Strategic management gives senior managers and business board members the ability to focus on the future of the organization rather than its routine daily activities. This means that they can concentrate on the plans and strategies that will promote the business’s overall success.

FOR MORE INFORMATION ABOUT HOW TO GET STARTED WITH IMPLEMENTING A PROCESS OF STRATEGIC MANAGEMENT AND THE BENEFITS IT CAN DELIVER TO AN ORGANIZATION, VISIT THE BLOG OF SUCCESSFUL ENTREPRENEUR MICHAEL ZETSER.