Strategic management feature and dimensions
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Dimensions Of Strategic Management
Strategic management process involves the entire range of decisions. Typically, strategic issues have six identifiable dimensions:
* Strategic issues require top-management decisions
* Strategic issues involve the allocation of large amounts of company resources
* Strategic issues are likely to have significant impact on the long-term prosperity of the firm
* Strategic issues are future oriented
* Strategic issues usually have major multifunctional or multibusiness consequences
* Strategic issues necessitate considering factors in the firm's external environment.
The Strategic Decision Makers
The strategic management process requires competent individuals to ensure its success. Therefore, to understand strategic management, we must know where strategic decisions are made in organizations.
Strategic management process involves the entire range of decisions. Typically, strategic issues have six identifiable dimensions:
* Strategic issues require top-management decisions
* Strategic issues involve the allocation of large amounts of company resources
* Strategic issues are likely to have significant impact on the long-term prosperity of the firm
* Strategic issues are future oriented
* Strategic issues usually have major multifunctional or multibusiness consequences
* Strategic issues necessitate considering factors in the firm's external environment.
The Strategic Decision Makers
The strategic management process requires competent individuals to ensure its success. Therefore, to understand strategic management, we must know where strategic decisions are made in organizations.
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Answer:
Strategic management process involves the entire range of decisions. Typically, strategic issues have six identifiable dimensions:
* Strategic issues require top-management decisions
* Strategic issues involve the allocation of large amounts of company resources
* Strategic issues are likely to have significant impact on the long-term prosperity of the firm
* Strategic issues are future oriented
* Strategic issues usually have major multifunctional or multibusiness consequences
* Strategic issues necessitate considering factors in the firm's external environment.
Explanation:
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