Strategic management is the application of strategic thinking to the job of leading organizations. As simple as it may appear. This definition of strategic management as a deep meaning in it. Today the environment of any organization is seen as messy, frenzied, chaotic, disordered and name it. This kind of environment is attributed to the increasing pace of change. This change is observed at the different levels that is political, economical, social, technological...Managers of organizations are faced with vagaries and increased competition of a new global marketplace, increased demands by customers for improved quality of services and products that are provided to them. Other facts are the challenges of recruiting, managing and developing the new workforce that is characterized by greater diversity in ethnicity, age, gender, and education as well as workers demand for new experiences and increased responsibility. However, the dynamic forces of technological innovation, market orientation, global competition and changing public expectations and needs are affecting every major aspect of the economic, political, and social spheres of society. This is challenging everyone in business, government and civil society. Organizations environments are chaotic, complex and stable. The environment today is characterized by both increased pace of change and the uncertainty of organizational environments.all this together can take us back to the definition of strategic management as the application of strategic thinking to the job of leading organizations. Such an environment needs something else; strategic thinking. strategic thinking is a particular way of thinking that includes five specific elements: System perspective, Strategic intent, Thinking in time, Hypothesis-driven and Intelligent opportunism. Strategic thinking is imaginative, creative and innovative... to be continued.
Posted on: Fri, 18 Jul 2014 18:26:05 +0000