Week 2 discussion

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Eek 2 Discussion The chapter opened with a quote by GE’s Jack Welch: “Manage your destiny, or somebody else will.” What does this mean for strategic management? What does it mean when Welch adds, “…or somebody else will”? What is the meaning of “Manage your destiny, or somebody else will”. Ultimately what manage your own destiny means is to set your own path, strategies or vision for your future lest you get distracted along the way, without a plan of action, your path is erratic and distractions lead you in directions you did not intend. This principle applies to more than just your personal life; this principle can be practiced within the business principles and strategic management of your own company as well. In business strategies and principles exercised and tested, are what the term manage is meant to be. “The term strategic management refers to the managerial process
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