Question

B. Questions 1. Discuss in detail the question of why has strategic management become so important to today's corporations. 2. Using appropriate examples, discuss what is meant by the hierarchy of strategy 3. "Without data to support a decision, too much is being left to opinion and chance." Discuss this Peter Drucker's contention about environmental scanning with the help of practical examples from Tanzania

Answer 1

e etc. . Strategic Management: Strategic management can be defined as set of objectives, action plans, goals etc to be achieved by the organization within a certain time period. Some may be brand conscious, some may be profit conscious, some may be serve → Hence strategy is one of the keys for all designs. Strategic management has become so important to today's coporation as explained below * Strategic management focous on planning, organizin reading ete of the organization as where it involves in the overall function of business activities * It helps to decide on how to achieve on the golas of the organization. R. & Action orientied because always its focus on the outcomes and results * It always focus on new approaches like innovation technology etc. Series of decision can be taken according to the situation arises. Sind