Sunday, March 27, 2011

Importance Of Strategic Management

Organisation need to be able to respond effectively to challenges – both problems and opportunities – as they arise. For example, the citizen has increasing expectations of service standards and availability. In response, organisations are working towards an outward-focused view of the way services should be provided - a fundamental shift from the traditional focus on internal concerns. At the same time, major opportunities for improvement may arise from developments such as new information and communications technologies, and the availability of additional financial resources such as the Invest to Save Budget. In many cases the response to the problem or opportunity will:
  • Require the continuous attention of senior management.
  • Affect most or the entire organisation.
  • Have long term implications.
  • Require substantial resources.
  • Be interconnected with other issues and developments.

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