Management Policy and Strategy

social unit 1 Learning Journal Ka platform University MT460 oversight Policy and Strategy Professor Wendy Finlay November 12, 2012 strategical counsel gives a employment the hazard to produce the best strategy to be more proactive in creating its hereafter by influencing activities to control the direction of the connection. The benefits of strategic management is that it helps provide a framework for the organization be pillow slip the business is able frame better strategies in atomic number 18as of research, cave inment, marketing, sales and financial aspects. Businesses are able to ensure that these practices are strategically managed to mprove both productivity and revenues in the company so that the company is successful. cod to this process, business merchant ship benefit from improvements in sales, profits, and productivity. Other benefits of strategic management implicate awareness of strengths, weaknesses, opportunities and threats for opportunity of improve ment were necessary. In addition, the company benefits because they are able to develop advancement in understanding strategies of the competitor, surmount resistance to change and enhance in problem prevention capabilities. Overall, the most grand enefit of strategic management is to assist the company to form better strategies by utilizing a process that has a more positive and logical approach to strategic choices. in that respect are galore(postnominal) risk associated with strategic management due to the unforeseen good deal that support occur when processes and procedures are utilise in the company. Managing strategically in business cigarette be both problematical and messy in addition it can require a considerable amount of work. It also can place a new set of demands on employees that they were not expecting o oversee in their unremarkable activities this can impact their daily responsibilities. overdue to these aspects, some of the risks in strategic managemen t are that it can be really expensive and time consuming to plan. strategical management is also risky because it can expose conflicts within the company in the areas of decision making and can cause current operational issues because long status planning decisions. Strategic management has many risks as well as the guardianship of failure, once a completed plan is established by the company it can limit both the choices and activities of the business in the future.