Strategic Management Skills

Strategic management is all about the identification and description of the strategies that managers can carry so as to achieve better performance and competitive advantage if their profitability is higher than the average profitability for all companies in their industry. Strategic management can also be defined as a bundle of decisions and acts which a manager undertakes and which decides the result of the firm's performance. The manager must have a thorough knowledge and analysis of the general and competitive organizational environment so as to take the right decisions. They conduct SWOT Analysis ( Strength, Weakness, Opportunities, and Threats), that is they should make the best possible utilization of strengths, minimize the organization's weakness, make use of arising opportunities from the business environment, and should not ignore the threats. Therefore, Strategic Management Skills is the course to help you improve effectively manage resources to cut costs and improve productivity in the organization.

Strategy is all about integrating organizational activities and utilizing and allocating the scarce resources within the organizational environment so as to meet the present objectives. While planning a strategy it is essential to consider that decisions are not taken in a vacuum and that any action taken by a firm is likely to be met by a reaction from those affected, competitors. customers, employees, or suppliers. The mission statement is the statement of the role by which an organization intends to serve its stakeholders. The Strategic Management Skills course describes why an organization is operating and thus provides a framework within which strategies are formulated.

You will learn:

• Learn steps in the strategy formulation process
• Learn strategy implementation skills
• Learn practical SWOT analysis
• Competitive advantage in the field of strategic management
• Overfished ocean strategy; how to drive growth and achieve profitability
• Routes to strategic growth
• Business strategy to bear the downturn
• Cutting cost strategically

This course offers:

• 1.5-hour video on demand
• Unlimited access
• Get a Certificate when you complete
• 100% online
• Beginner level
• Subtitles: English

Rating: 4.4/5

Enroll here: https://www.udemy.com/course/strategic-management-skills/