Question
1.Explain the following points in details, which are benefits of Strategic Management? Clearer sense of strategic vision for the firm. Sharper focus on what is
1.Explain the following points in details, which are benefits of Strategic Management?
Clearer sense of strategic vision for the firm.
Sharper focus on what is strategically important.
Improved understanding of a rapidly changing environment.
2.Explain the following points in details, which are risks of Strategic Management?
Too Much Managerial Time
Lack of Delivery
Disappointment
Poor Reward Structure (No carrot only stick)
Adhocism
3.Explain the following points in details, which are challenges to Strategic Management
Impact of Globalization
Impact of Innovation
Impact of Sustainability
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Fundamentals of Management
Authors: Robbins, DeCenzo, Coulter
7th Edition
132996855, 0-13-610982-9 , 9780132996853, 978-0-13-61098, 978-0136109822
