Management Policy and Strategy

Unit 1 Learning Journal Kaplan University MT460 solicitude Policy and Strategy Professor Wendy Finlay November 12, 2012 Strategic concern gives a stage business the opportunity to produce the best strategy to be more proactive in creating its future by influencing activities to control the direction of the participation. The benefits of strategic management is that it helps provide a framework for the organization because the business is able descriptor better strategies in areas of research, development, marketing, sales and financial aspects. Businesses are able to tell that these practices are strategically managed to mprove both productivity and revenues in the company so that the company is successful. Due to this process, business nooky benefit from improvements in sales, profits, and productivity. early(a) benefits of strategic management include awareness of strengths, weaknesses, opportunities and threats for opportunity of improvement were necessary. In addition, th e company benefits because they are able to develop advancement in discretion strategies of the competitor, reduce resistance to change and enhance in problem measure capabilities. Overall, the most important enefit of strategic management is to assist the company to bring better strategies by utilizing a process that has a more domineering and logical approach to strategic choices. There are many pretend associated with strategic management due to the unforeseen circumstances that shtup slip by when processes and procedures are implemented in the company. Managing strategically in business can be both difficult and messy in addition it can require a considerable amount of work. It also can intrust a new set of demands on employees that they were not expecting o do in their daily activities this can impact their daily responsibilities. Due to these aspects, virtually of the risks in strategic management are that it can be genuinely expensive and time consuming to plan. Str ategic management is also crazy because it can expose conflicts within the company in the areas of decision making and can cause current operational issues because long term preparation decisions. Strategic management has many risks as well as the alarm of failure, once a completed plan is established by the company it can limit both the choices and activities of the business in the future.