Strategic management as an instrument to foresee business situations.
Written by:Diomer Antonio Galán Rincón.
Bachelor's Degree.Public Accounting / MSc.Science of Higher Education.
Author: @dgalan,through Power Point 2010 tool, and using public domain image Pixabay
The current Venezuelan economic reality has led the country's business system to times of crisis with decadence in the areas of production, purchasing, storage, sales and marketing, which makes it necessary for them to be prepared for continuous changes, with elasticity in their functions and structure, aimed at enriching management skills and leading the organization to a comprehensive administration and consolidate the competitiveness of the company with the knowledge, skills and application of more effective methods.
It should be noted that the economic consequences that the business system is going through have caused countless companies to close their doors, not only because of the constant increase in prices, but also because they do not have management strategies that would allow them to mitigate this situation; however, some companies have sought ways and plans to counteract the adverse effects on business success.
Despite this, other companies continue to struggle with the lack of knowledge of alternatives to weaken the reality and are projected to decline in a short time in the competitive market.
Image taken from:Pixabay
Therefore according to Figueroa (2004) defines strategic direction as "a process of continuous and systematic movement that provides better guidance to the entire organization on the crux of what it wants to achieve, making managers more alert to the winds of change, new opportunities and threatening developments, providing ideas for evaluating budget requests, capital investment and new personnel, allocating resources in areas that produce results and support strategy, helping to unify the many strategy-related decisions throughout the organization, creating a more proactive management attitude and thereby counteracting tendencies toward reactive and defensive decisions.".
Therefore, strategic management is made up of a series of decisions and actions aimed at planning, formulating and implementing specific strategies that will allow the organization to adjust to its environment in a superior competitive manner, and thus achieve the established objectives and goals.
I hope you like my article and I would appreciate all your comments.
bibliography consulted:
Certainly all the strategies used in the business world should give us favorable results to be able to foresee what will be the future development in case something goes wrong in our company.
Greetings and thank you for sharing valuable information with all of us.
Greetings @ carlos84, Very true, foreseeing business situations helps to reduce unfavorable situations for the organization.
Thank you very much for your comments
Without strategic management, a company definitely has no future. Many things depend on it for the good performance of that company and its positioning ahead of other companies in the same industry.
Greetings @ lanzjoseg, Very true your appreciation, I fully share it, therein lies the importance of strategic management.
Thank you very much for your comments
@tipu curate
Upvoted 👌 (Mana: 0/5) Get profit votes with @tipU :)
Thank you very much for your support
Greetings @dgalan it is necessary for every company to generate strategies, to prevent economic risks, which can generate economic losses and even the closure of the company, in the current Venezuelan economy, it is necessary to implement various strategies to mitigate economic losses, and thus achieve a consolidated company, very important topic, thanks for sharing.
Greetings @ chucho27 The strategic management helps to be able to prevent economic situations that bring difficulties for the organization, this always as you say are important for the future of organizations .
Thank you very much for your comments
Hello @dgalan, I have gone through this situation before of establishing organizational strategies to achieve productive goals in the short and medium term, as well as to correct certain deviations in production, and on these occasions I faced resistance from certain sectors of the organization to follow and adopt new guidelines because they feel deeply ingrained in "old styles" and comfort zones, this situation makes the job a little more difficult to manage.
Great topic.
Greetings @tocho2 We will always get some oppositions to change. The important thing is to make see that this strategic management are for the benefit of the organization and all workers are part of it .
Thank you very much for your comments
every company has to have a strategic plan with which to face difficult times and thus maintain a steady pace of work, without neglecting the production, much less the benefits.
thanks for sharing this excellent article with us my friend @dgalan
Greetings @ yongleantonio. Share your comment. You have to be prepared for what may happen, economically, administratively and financially.
Thank you very much for your comments
Every successful company has undergone strategic management and certainly every company that yearns for success must be ready to undergo proper strategic management.
Greetings @ajewa It is important to be able to have a strategic management to prevent and set parameter goals for the benefit of the company.
Thank you very much for your comments