4. Based on the Resources of the company and assessing the Internal and External factors in which the company competes .
How is Strategy Planning Achieved? By SWOT Analysis :- # Strength - Best possible utilization # Weakness - Minimize the organizational weakness # Opportunities - Make use of the Rising Opportunities # Threats- Shouldn't be Ignored
How to be a Strategic Manager?Role of a Strategic manager is always challenging . It includes Consider the Financial Planning & Analysis(FP&A) Marketing Technology Involved Customer Acceptance
All these key factors are interrelated and are well taught in the Postgraduate Diploma in Strategic Management courses which are now available online.
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Job Options In Strategic Management
Strategic Planner
Track, anaylyse and organise the company as well as competitive data for the management , in order to device the action plan.
Strategic Manager
They are at the higher management level and is authorised to make decisions for the firms.
Strategic Cost Analyst
Determines the cost of business activities ,analyse the break even to determine the true opportunity cost of resources devoted to various corporate activities.
Alternate Career Options
Human Resource Manager
Works in co-ordination with the top executive to develop staffing plans according to the company needs.
Medical and Health Managers
Coordinate healthcare services for employers which usually include managing employees and finances, setting policies, and ensuring adherence to applicable regulations.
Conclusion
Strategic Management is an ongoing process.
In the revolution of industrialization, strategizing has become a vital part and with time it would expand more.
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