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what is a learning organization? Is this approach to strategic management better than the more traditional top-down approach in which strategic planning is primarily done by top management?
The differences between traditional risk management and enterprise risk management are their strategic applications and performance metrics. Enterprise risk management involves the whole organization while traditional risk management is usually more departmentalized.
management
Traditional management follows the style that has always been in place. Strategic management is tailored to suit the modern day's problems.
Organization.
what is a learning organization? Is this approach to strategic management better than the more traditional top-down approach in which strategic planning is primarily done by top management?
The differences between traditional risk management and enterprise risk management are their strategic applications and performance metrics. Enterprise risk management involves the whole organization while traditional risk management is usually more departmentalized.
management
Traditional management follows the style that has always been in place. Strategic management is tailored to suit the modern day's problems.
Organization.
Human resources must transform from administrative functions to a strategic function in order to help the organization meet its goals. If the human resources department doesn't become strategic then they are working against the entire organization.
importance of an organization's functional areas to the strategic management process and why they must be integrated during the four phases of strategic management
Strategic management uses strategy, including strategic thinking to make all decisions, often through the lens of a strategic plan. Strategic management accounting is strict focused on fiscally related decisions, also as aligned with the organization's strategic direction.
Strategic management enables managers to evaluate the organization's internal and external situation and decide future actions to take.
to help them accomplish their specific organization objectives
Scope of strategic management -- Organizations are made up of people, people's behavior makes up organizational behavior, managers are people, strategies address the organization, and strategies require operational execution. For the purpose of understanding how to strategically manage an organization, these are not separable disciplines which can be addressed separately. They are interwoven into one discipline - herein titled strategic management. Ultimately there is nothing associated with a business organization outside the purvey of strategic management, as such, it is one perspective of the overall collective management of the organization.
operational management involves day to day management of the organisation while strategic management involves the overall management of an organisation which includes making a decision that affect the business over a long time.