Strategic management What is Strategic Management? Strategic formulation is a process to provide direction and meaning to day-by-day activities. It examines an organizations values, current status, and surround, and relates those factors to the organizations desired future state, usually expressed in five- to ten-year time periods. The organization may be a program, enlighten, school district, public or private agency, or any new(prenominal) institution that wishes to control its future.
If the organization existed in a static environment in which no change was necessary or desired, there would be no need for strategic planning. But, our environment is changing -demographically, economically, and culturally. Thus, strategic planning is both a chemical reaction to, and a tool for adapting to, those changes and creating an organizations future within the context of change. McCune describes strategic planning as a process for organizational permutation and transformation. She identifies a...If you want to get a full essay, order it on our website: Ordercustompaper.com
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