{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Post 1 Week 1 - strategic decisions encompass not only...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Research has shown that businesses that use strategic management have a better long term success rate than companies who do not. With today’s economy environmental issues, so many new and long standing companies are going out of business. Strategic management is a crucial aid so that a company can withstand the down times. No longer is it possible to continue following the same budget and policies year after year without incorporating the large changing global picture. “If it isn’t broken, then don’t fix it” just won’t cut it any more in the long run. Looking at the total picture,
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: strategic decisions encompass not only internal company policies, but also what is happening in the world outside the business. Strategic decisions involve five or more year formulas for predicting how a changing environment will affect the company’s strengths and weaknesses. Managers look at what s happening in the world and what will most likely occur in the future. They implement plans and get both input and feedback from individuals at all levels in the organization and also consult with people outside the company....
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online