IMPORTANCE OF THE SERVICE
Introduction of Strategic Management Service generally enhance the following strengths
to the organization:
- Attention is focused on the long-term future of the business rather than getting bogged down in short-term problems.
- Activities of various sections of the business are coordinated.
- Each manager will know what the organization is aiming to achieve and will have criteria for evaluating various courses of action.
STRATEGIC MANAGEMENT SERVICES IN DIAGRAM
PROCEDURES & OUTCOMES OF THE SERVICES
|| PROCEDURES & OUTCOMES
Developing Strategic Vision and Mission.
Setting a long term objective with SWOT Analysis.
Value chain Analysis
Crafting a suitable strategy with defined strategic plan.
Monitoring the proper execution of plans by evaluating the
Above all the procedures shall be done with direct co-
ordination of relevant departments.
Only proper execution of plan shall add the value of the organization
It will help the organization to a steady and smooth growth.
Way of the business shall be defined and any shortfalls of the core
competence shall be identified
Selecting suitable competitive strategy.
Implementing the selected competitive strategy.
Revamping the value chain to find effective cost control.
It will help
to overcome the rivals
to gain market shares
to ensure the growth of the organization.
Preparing periodic budget including long term capital budget
Forecasting financial performance
Evaluating budget variance periodically.
It will help to achieve the goal and to evaluate the actual performance.