STRATEGIC MANAGEMENT

Strategic Management

Strategic Management

Introduction

Strategic planning is long-term planning that takes into account the internal and external variables and identifies sectors and market segments and targeted method of competition. Strategic planning is the process of rolling is updated every year to study the external and internal developments. Planning of activities is the most important function of management. This issue is devoted to leading experts, dealing with management in the service sector and others, like in the fast food chain of Kentucky Fried Chicken. (David, 2009, 137-144)

Discussion

Features of Strategic Planning

Features of a strategic approach to planning and development can identify the following components:

Focus on long-term perspective.

Development of an integral and integrated planning, supervising the process of change through the formation of long term goals.

The orientation of decision-making on the deployment of existing tourist resources, which largely determines the course of the future of the organizational development. (Quinn, 2010, 23-4)

Strategic Management

In the revised models, the subsequent diagnosis lies in the formulation of the mission, in the designed model is in first place and this is because in the safety and security organizations is essential to know the events macro and micro environment and way of expression, which let you know how they can influence them in the values of the members of the organization and on the capacity needed to accomplish the mission and achieve the vision and in this connection set values needed to address such events without negatively impacting the system of beliefs and core values of the members of the organization (Golder, 2009, 326-340).

The analysis was performed with the aim of establishing a credible position in which the organization is, i.e. their internal capacities and the facts or events that will have to face, making it easier to establish the intensity of the effects of impacts (Lynch, 2009, 78-110).

Process and Dimension in Strategic Planning

Carry out the formulation and solution of strategic tasks recommended in stages. Each stage can be characterized by a certain order of the tourist activity.

At the initial stage of strategic planning involves conceptualization of tourist policy of a package of operational policies for an extended period.

The second stage is based on the programming effects. Crucial to develop activities that integrate economic, social, economic, and organizational and other areas may have targeted the problematic programs focused on achieving goals.

The third stage involves developing a set of regulatory actions, ensure implementation of identified activities.

The most important stage of strategic planning is a situational analysis, including collection and evaluation of an extensive database that characterizes the current situation. (Chandler, 2009, 90-110).

SWOT

Strength

For the strategic performance management strengths are the key forces for a company as it identifies and help the organizations to move towards the goals and objectives that were previously set by the management which ultimately affect the overall efficiency of the organization like in the case of Kentucky Fried Chicken. (Amit and Livnat, 1988)

Weaknesses

These can be in the form of no clear management styles, poor image, research and development ...