Friday 20 September 2013

Nature of Strategic Management

Assalamualaikum..to all my reader(s)..actually i just wanna to share with you about what i have learned in strategic management subject within this semester.I will update my lesson from week by week .Firstly I wanna to make a confess that i not really good in English grammar, but i try my best to make better improvement. Then i hope so that you all will enjoy my simple blog and can support behind me of my first experience as 'BLOGGER'. Okay let begin from the first lesson in second week lecture.For the first chapter,I have learned about THE NATURE OF STRATEGIC MANAGEMENT , wow.. its sound really heavy chapter... my first impression surely bore or hardly. BUT!!! after my cute lecturer, Miss Ummi Salwa Bte Ahmad Bustamam give some briefing of this, it looks like more easy than i expected..Before that, I will explain little bit about [definition of strategic management ; it is about art and science of formulating , implementing ,and evaluating cross- functional decisions that enable an organization to achieve its objectives]

okay now let me share with you about the important that you must know from the definition above,it is relating on STRATEGIC FORMULATION, STRATEGIC IMPLEMENTION & STRATEGIC EVALUATION..

Every single administration in company is necessary built up a strategic management in order to evaluate their reputation..for the first step
1) Strategy formulating : develop vision and mision, identify an organization external and internal (SWOT)
2) Strategy implemation : establish objectives, devise policies, motivate employees, and allocate resource so that formulated strategies can be executed.
3) Strategy evaluation : reviewing external and internal (SWOT)
                                    

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