Page 15 - PowerPoint Presentation DR

Strategic Management-Importance

 Financial Benefits: It results into financial benefits to the

organizations in the form of increased profit even in the

face of environmental threats.

 Offsetting Uncertainty: By prescribing the future course of

action.

 Clarity in Objectives & Directions: It is used for achieving

those objectives; they focus on clarity of objectives.

 Increased Organizational Effectiveness: Its

concept is that the organization is able to achieve

its objectives within the given resources.

 Personnel Satisfaction: If the decisions are

systematized in the organization everyone knows

how to proceed, how to contribute towards

objectives this clarity brings satisfaction. 13