Escalates most managers’ commitment in realizing the company’s objectives. Strengthens a company’ performance Minimizes a company’s resistance to change through informing the employees of new changes and their expected commitments to them. Companies that use strategic management tend to be more successful than those that do not have. Helps these companies to identify suitable strategies to identify their goals. Strategic management allows a company to become more proactive than reactive. Strengthen operations within an organization To ensure that employees and other stakeholders work harmoniously towards a common goal To institute agreements around anticipated outcomes and/or results These activities are used to convert the passive plans into a scheme that provides strategic performance response into decision-making and also enables the plan to progress as necessities and other environments change. Strategic management has a substantial impact on how well an organizatio...
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