Strategic management is a measured process that focuses on considering the resources and environment of an organisation to formulate its overarching goals, policies and plans, as well as implementing actions and allocating resources to achieve these. The goals guide the aims of the company, staff and procedures.
Numerous models and frameworks are used to assist strategic management, particularly because it is a circular process that feeds back into itself. Thus, formulation and implementation are integrated processes in the context of strategic management.
Related to strategic management, strategic planning is an analytical process that involves applying structured procedures to produce and synthesise strategy-influencing data. It can also refer to the control mechanisms utilised to guide the strategy after it has been defined.
Vision’s consultants have robust knowledge of strategic management; through our consultants’ application of this unparalleled know-how, our clients have gained traceable improvements in their organisations.