Strategic Management
Chapter 1 - Introduction to strategic Management.
Strategic Management its formulation and implementations of the major goals take by top management based on consideration of resources and an assessment of the internal and External Environments.
Five uses Of strategic Management:
- Strategic Plans for minimum five years ( Sum of Business Plan).
- Set Large target (Strategic Target). for five years.
- Moving to new market place ( Big Decision).
- Achieve the vision of Owner.
- Study the competitors, And Care about the external resources and Internal Resources
Strategic Plan in your Life.
We can Apply the strategic plan in our life for five years be set Objectives(Vision) and converted these objectives into Goals and then measure the performance of achieving these goals Daily,Weekly and monthly (KPI : Key performance Indicators).
For Example, if someone want to be professional web. Designer and plan 5 years to be top professional design.
First step
Mention Courses Required ( Monthly) and arrange the priority items Starting by principles.
Second Step
Study the programs Required ( monthly) and Evaluate himself Monthly
Third Step
Discuss with Web. Designers And listen to the knowledge and working with them as team to Gain the Experience.
Final Step:
Update the Knowledge, Software Require and courses to be up to date.
Quiz in Comment :
Everyone read the article mention what he will be after Five years and set objective and Goals to Achieve .
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