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Find out why MIS looked upon as a strategic need of management today?
Find out why MIS looked upon as a strategic need of management today?
Strategic management used to play a different role in more predictable times after the Second Word War. Strategic plans of the past usually range 3 to 5 years. Some companies could even have plans for 10 good years. That's not possible today given rapid evolution of our society. What still matters in strategic management lies in the value of planning ahead. There's an old saying that if you fail to plan, you are planning to fail. By acting on this, strategic management actually gives the organization direction, a sense of identity and unity towards what the business goal. Therein lies the continued importance of strategic management towards business success
Today. everything has changed, globalization. the internationalization of markets and corporations. has changed the way modern corporations do business.
The use of technology, employee retention and HR development has become key with all business today, because there has been such a change in the work force today. In addition, the workforce at Xerox has become very different since the acquisition of Affiliated Computer Services, changing the importance of HR and requiring different procedures.
Find out why MIS looked upon as a strategic need of management today?
Many corporations are focusing on strategic management because it will help them perform better. They know by making strategic decisions they will have an edge on the competition.
Find out why MIS looked upon as a strategic need of management today?
Find out why MIS looked upon as a strategic need of management today?
Strategic management allows the business to move forward in their industry. It takes into consideration what their competitive advantages are and helps them to use these strengths to improve their position within the industry.
Strategic management used to play a different role in more predictable times after the Second Word War. Strategic plans of the past usually range 3 to 5 years. Some companies could even have plans for 10 good years. That's not possible today given rapid evolution of our society. What still matters in strategic management lies in the value of planning ahead. There's an old saying that if you fail to plan, you are planning to fail. By acting on this, strategic management actually gives the organization direction, a sense of identity and unity towards what the business goal. Therein lies the continued importance of strategic management towards business success
Today. everything has changed, globalization. the internationalization of markets and corporations. has changed the way modern corporations do business.
Strategic management used to play a different role in more predictable times after the Second Word War. Strategic plans of the past usually range 3 to 5 years. Some companies could even have plans for 10 good years. That's not possible today given rapid evolution of our society. What still matters in strategic management lies in the value of planning ahead. There's an old saying that if you fail to plan, you are planning to fail. By acting on this, strategic management actually gives the organisation direction, a sense of identity and unity towards what the business goal. Therein lies the continued importance of strategic management towards business success. Every business has a vision and a mission. Strategic managemet takes into consideration both of these. Strategic management helps in achieving the organizational goals in an effective and efficient manner. Improved strategic management processes may also facilitate the development of the more complex management structural that are needed as firms grow. It also helps firms to articulate,communicate and monitor the implementation of strategy using a system interlinked with the longterm vision of the corporations.
Answer: Some chief executive officers, strategists, and organizations have been successful, to date, without using strategic-management concepts and techniques. However, success today is no guarantee for success tomorrow. The business world is becoming global in scope; technology is changing the nature of competition in all industries. Strategic management enables organizations to recognize and adapt to change more readily; successfully adapting to change is the key to survival and prosperity. There is no good alternative approach to strategic management
Thomas J. Atchison has written books on leadership and strategic planning, focusing on practical advice for business professionals. Some of his notable works include "Leadership Sopranos Style" and "Strategic Planning That Actually Works."
Today, middle management is disappearing.
how does English become important in today's business world/