Answer To: Elaborate on the challenging insights and approaches to uncertainty and complexity that are proposed...
Anushi answered on Aug 06 2022
Elaborate on the challenging insights and approaches to uncertainty and complexity that are proposed to organisations and the dominant discourse on Strategic management. In your discussion also present a view on the concept “Edge of chaos” or “Event horizon”. Or the term used by Hock the “Chaordic” organisation.
Strategic Management Is Perfectly Curated For Chaordic Organization.
Sol: First it is important to understand what exactly is Strategic Management to get a clear picture of how it can help the organizations or what challenges or uncertainties it basically
ings out to it. In that case, we are here to help you with a complete understanding of strategic management. It basically refers to a situation where the planning, monitoring, analyzing & assessing should meet the goals & objectives of the organization. Strategic management basically means achieving goals & objectives by following the right pattern of planning things, organizing, monitoring whether the work is done co
ectly, analyzing results & performances, and then assessing if it has given the desired results or not.
Strategic management has a lot of benefits to organizations because if you are someone who wants to get desired results in an organized way, then it is always there to provide you. It makes it easy for an organization to achieve its results on time with its perfect & awesome timings. You won’t face a single issue while using strategic management in your organization; instead, you will get the right support & achieve your goals that too in the right time. But there are a few challenges that are attached to strategic management and these challenges can be easily solved with the help of experts. And it is always important to first understand what is strategic management & its key role to eliminate the challenges & uncertainties that are attached to it.
What does Strategic Management provide to Organization?
You must have a million questions about what exactly Strategic management does in the organization and why is it important to have strategic management in the organization. Don’t wo
y! We have got you covered. Following are the reasons why should one always imply strategic management in the organization given below:
· Know your Strengths: Strategic management helps you to know your exact strengths so that you can perform better in the market even better than your competitors. If an organization is aware of the total strength it has and how can it make its place in the market then it is an additional point and strategic management actually does it. It helps organizations to know their actual strengths so that they can perform extremely outstanding and know their true caliber. It is not at all difficult to perform right if you know what you have and how you can deliver the best amongst the rest. In that situation, strategic management will prove that it is the best way to achieve your goals because you can perform in the right direction.
· Identify your weaknesses: If an organization isn’t aware of where it is lacking and what should be done co
ectly or in a specific manner, then it might just not perform better or get its desired results. In that case, strategic management comes in between and enlightens the organization about its bugs and e
ors. If you are aware of the kind of support you need or you need to perform in a certain way, then you will achieve your goals or objectives that too in a specific time. Strategic management helps organizations to know their weaknesses so that they can work on these weaknesses and perform in a certain way that will only lead to getting good results.
· Determine the right direction: It will be easy for an organization to get the right results & attain its objectives if they are aware of the direction in which the work should be done or move forward the work. In that case, strategic management comes as a fully perfect support for you because it will help you to choose the right direction through which the whole assignment is done. If you have a direction, then it is easy to guide the team & get the right productivity. Strategic management creates a path for the organization by taking future outcomes into consideration so that you can follow that path & achieve your goals. It will create a blueprint of the path to be followed by departments or teams & if an organization is following that, then it will be easy for the organization to gain the kind of goals & results it must have been looking for so long.
· Concentrate on valuable factors: We understand that it is not easy for one to concentrate and choose the valuable factors but don’t wo
y this problem will be easily solved by strategic management because it actually focuses on that only. It will help you to concentrate on the important factors so nothing right will be left behind. It won’t leave a single essential factor because even a single thing can affect your overall performance and it can even let you lose your one sole objective of your organization. Hence, if you are someone who wants to just get the right & perfect results then you should concentrate on the valuable factors of your organization that should always be kept in mind before taking any decision. It will eventually improve your overall performance and even lead to take the right decision for your organization. If you know what the right factors are for your organization then you can take the decision which is right for your performance in the market.
· Simplify the complex situation: The best part of strategic management is that it actually simplifies the complex situation that is generally faced by any organization and if you are someone who is always facing a few complex situations in your organization, then you must definitely choose strategic management because it can definitely help you to solve it as it can simplify the situation and let you understand the condition even in a better way. There are many things that we always ignore in our organization and in that case, we often face many bigger problems but if you choose strategic management in your organization then you will witness that it provides the best support in a complex situation. It has the right help to give in complex & difficult situations, hence if you are looking for something that can take you out of a difficult situation, then it is the right process to adopt.
· Develop appropriate strategies: We understand that it is not at all easy for an organization to maintain the right & perfect strategies and if you are genuinely in a situation where you are looking for something that can help you to get appropriate strategies. So, in that case, strategic management is always there for you to provide relevant support. It will help you to develop appropriate strategies so that you can attain the desired goals that too on time without facing any major issues. Developing appropriate strategies isn’t that easy, especially without having the right support & profound experience but if you are choosing strategic management as your support, you will get to know that it can provide you with the best strategies to follow & perform better in the market without facing any problems. Therefore, if you are someone who wants to get the appropriate strategies, then always choose strategic management to make the right decisions & develop the perfect strategies.
· Get excellent performance: If you want to get the best...