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Strategic planning [1] is an organization's process of defining its strategy or direction, and making decisions on allocating its resources to attain strategic goals. Furthermore, it may also extend to control mechanisms for guiding the implementation of the strategy.
(Rowe, 2001). Strategic leadership presumes a shared vision of what an organization is to be so that the day-to-day decision-making or emergent strategy process is consistent with this vision. Managerial leaders influence only the actions and decisions of those with whom they work.
Strategic management tools. In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's managers on behalf of stakeholders, based on consideration of resources and an assessment of the internal and external environments in which the organization operates.
Internal factors can derive from their participation level in the work to achieve the goal. What they expect from themselves can either flourish their success, or destroy it. Also, the individual may want to appear superior to their peers or competitors. [14] They want to achieve the goal the best and be known for it.
They set the strategic goals and policy of the organization and make decisions on how the overall organization will operate. Senior managers are generally executive-level professionals who provide direction to middle management. Middle management roles include branch managers, regional managers, department managers, and section managers. They ...
Envisioning the long term implications of decisions. Thinking about the long-term impact or implications means we take a wide-angle lense to discover all opportunities to achieve a purpose, goal, or a set of goals. [37] Identifying patterns. Looking for connections and patterns beyond the immediate situation. [38] Creating psychological distance.
Management by objectives at its core is the process of employers/supervisors attempting to manage their subordinates by introducing a set of specific goals that both the employee and the company strive to achieve in the near future, and working to meet those goals accordingly. [1] Five steps: Review organizational goal; Set worker objective
Anthony's Triangle. The Anthony triangle [1] (also Anthony's triangle) is an organizational model.The triangle takes a hierarchical view of management structure, with many operational decisions at the bottom, some tactical decisions in the middle and few but important strategic decisions at the top of the triangle.