Strategy Choice

Strategic management in survival of organization

• Strategic management is extremely necessary in organizations. When strategic management is employed in the organization, it helps the organization to formulate strategies that it will focus on in the changing environment. There are several factors that need to be considered when formulating strategies. One of the factors is the changing environment. Strategic management helps the survival of the organization because the management is able to formulate strategies in which will result to the success of the organization despite the various barriers it might experience (Cole, 2003). In a business, environment is ever changing; therefore, there is the need to reflect if the organization will cope with the environmental changes. Because of the changes, it is likely for the strengths of the organization to also change. With strategic management, it helps the organization to consider whether the present strengths will continue to be strengths in different situations.

• Strategic management help in the success of the organization which later result to the survival of the organization in the global market. With strategic management, it usually integrates experience and knowledge that has been gained in various functional areas. With strategic management, it helps the organization in understanding and making sense of the complex interaction found in various areas of management. With strategic management, organizations are able to plan ahead. When the organization is planning ahead, it has to make sure that it is planning the way in which it will stay long in the market and also be productive (Sadler, 2003). Strategic management normally gives the organization direction, sense of unity and direction towards the goal of the business. Therefore, strategic management proves to be important in the survival of the organization.

• Strategic management usually enables the organization to achieve its goal in a manner that is efficient and effective. It has to consider the mission and vision of the organization. A strategic management process that is improved helps in facilitating the development of more complex management structures which the organization requires for its survival and growth (Sadler, 2003). This helps the organization in articulating, communicating and monitoring the strategy implementation by use of the interlinked system with the long-term vision of the organization.