They are:
- Uncertain :Strategic management deals with future-oriented non-routine situation.They create uncertainly.Managers are unaware about the consequences of their decisions.
- Complex :Uncertainly brings complexity for strategic management.Managers face environment which is difficult to comprehend.External and internal environment is analysed.
- Organization wide :Strategic management has organization wide implication.It is not operation specific.It is a systems approach.It involves strategic choice.
- Fundamental :Strategic management is fundamental for improving the long-term performance of the organization.
- Long-term implication :Strategic management is not concerned with day-to-day operation.It has long-term implications.It deal with vision,mission and objective.
- Implication :Strategic management ensure that strategic is put into action,implementation is done through action plans.
10 comments:
good characteristics
Very simple
very helpful :)
Nice article
Understandable@
Good info about SM
Very simple and easy to understand. Much appreciated
Fatastic! Nimeelewaaa vizuri sanaaaa
Very helpful... Thank u
THANKS
It's will be helpful. ....
Thanks Sir
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