Lharlyn R.

Ambanta BSAT IV-A

Strategic Management

Strategic management is the continuous planning, monitoring, analysis and

assessment of all the actions that is necessary for an organization to achieve its
goals and objectives. It involves setting objectives, analyzing the competitive
environment, analyzing the internal organization, evaluating strategies and ensuring
that management rolls out the strategies across the organization. It is important for
a company to set goals and objectives for them to have a direction to follow to make
it easy to perform and implement actions and procedures to make a better business
strategy in managing their organization. It involves also how the organization will
recognize the opportunities and threats that may come in their way and how they
will manage to analyze the internal and external strengths and weaknesses because
it will be a great factor for them to know what will put them to the top and what will
make them down. These can be a greater advantage for them among their
competitors. This management is linked to the companys mission and vision
statement to make or give everyone a clear sense of direction of the organizations
activities and their actions towards achieving the organizations success. And
provides a basis for the clarification of individual responsibilities so that each
personnel will communicate well to their co-employees to make their relationship
with each other to become stronger and to gain trust and confidence in working on
their designated work .

The importance of Strategic Management includes providing a way to anticipate

future problems and opportunities for them to understand essential procedures on
how they will going to manage these problems and opportunities to be able for the
organization to prepare themselves in allocating more time and resources to improve
their performance if ever these problems target them. It also provides employees
with clear objectives and directions for the future of the organization in order for
them to know how each of their actions or strategies will affect the overall
performance of the organization. These increases the employees satisfaction and
motivation to do their job effectively and efficiently that results in a faster and better
decision-making. Strategic management also encourages a favorable attitude
towards change because it requires coordination either on the internal or external
environment that have a direct relationship with the organizatio. There is a unity
among them because there is only a single goal and objectives that they need to
achieve.