1.5 benefits of strategic mgt
Post on 11-Sep-2014
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04/07/2304/07/23 [email protected]@yahoo.com
Why study strategic management as Why study strategic management as
a student?a student?
How can a manager benefit from the How can a manager benefit from the
strategic management discipline?strategic management discipline?
Aren’t there managers who have Aren’t there managers who have
succeeded without the knowledge of succeeded without the knowledge of
strategic management?strategic management?
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Ability to analyze strategic Ability to analyze strategic
situations, craft appropriate situations, craft appropriate
business strategies and business strategies and
implement themimplement them Stimulates critical thinking Stimulates critical thinking
about the futureabout the future Ensures full exploitation of Ensures full exploitation of
opportunitiesopportunities
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•Points the way for
employees to follow
•Ability to build competitive
superiority
•Objective resource allocation
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•Enhances strategic analytical
skills
•Combines skills, knowledge
and experience from other
disciplines
•Higher chances of success